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European stocks set to log worst year since 2018


LONDON — European markets are having their worst year since 2018 as Russia’s war in Ukraine, high inflation and tight monetary policy have hammered risk assets around the world.

European Union Stoxx Index 600 will start the last trading day of 2022 with a drop of more than 12% since the start, the worst performance since the 13.24% annual decline in 2018. The European blue chip index had a bumper year 2021, up 22.25% in the year.

Open calls on Friday lead to 2 points loss for UK FTSE10012 points off for CAC 40, while German DAX is set to slide 18 points.

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