European Stock Markets Extend Losses Amid High Interest Rates

European stock markets continued their downward trajectory at the opening of trading on Tuesday, compounding losses that began earlier in the week. The primary driver behind this ongoing decline is growing apprehension over the persistence of high-interest rates in the financial landscape. In London, the FTSE 100, the city's leading benchmark index, registered a 0.1 percent drop to 7,503.20 points, following a substantial loss of over one percent on the preceding trading day. Investors remained cautious as they monitored developments in the market. Across the eurozone, Frankfurt's DAX index initiated the day with a 0.4 percent decline, settling at 15,186.92 points. Simultaneously, the Paris CAC 40 also experienced a 0.4 percent dip, landing at 7,041.98 points as traders responded to the prevailing economic climate. The current market sentiment is primarily driven by concerns regarding the outlook for interest rates. Investors are growing increasingly worried that high interest rates, which have been a recent trend, may persist for an extended duration. This uncertainty has led to a cautious approach in the investment landscape, with market participants closely monitoring central bank policies and economic indicators for clues on future developments. As the trading week unfolds, market participants will be keenly observing any shifts in sentiment and closely analyzing economic data that may offer insights into the future direction of interest rates. The volatility in European stock markets reflects the broader global financial landscape, where investors continue to navigate a complex environment influenced by various economic and geopolitical factors.