Stock markets in Western Europe mostly fell on the basis of trading on Tuesday, only the Spanish indicator closed slightly positive. European stock markets fell on the heels of Asian and US stocks amid growing concerns about a global economy facing high inflation and tightening monetary policy. In addition, investors are keeping an eye on general geopolitical tensions and the coronavirus outbreak in China. Also, the attention of investors is riveted to the World Economic Forum in Davos, which is held in person for the first time in two years. The forum is attended by senior government officials and heads of major transnational companies. The post-pandemic economy and the consequences of the Ukrainian crisis are on the agenda of the forum this year. In addition, investors analyzed the latest European statistical data. The consolidated purchasing managers’ index PMI of 19 eurozone countries fell to 54.9 points this month from 55.8 points in April, according to preliminary data from SP Global. The indicator also turned out to be less than analysts’ expectations at the level of 55.3 points. The indicator of activity in the sphere of services of the euro zone in May decreased to 56.3 points from 57.7 points in November. PMI in the manufacturing industry of the currency bloc fell to 54.4 from 55.5 points, updating the lowest since November 2020. The index of business confidence in the French economy in May fell to a minimum for 14 months and amounted to 106 points compared to 108 points in months…

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