(RTTNews) – European stocks closed weakly on Monday as investors remained cautious and largely refrained from making big moves, looking for new signals.
Markets in the UK and US U. S. They were closed for public holidays and Memorial Day, respectively. Investors, who assimilated the knowledge of eurozone inflation and some corporate news, were reluctant to build positions.
Germany’s harmonised inflation exceeded the European Central Bank’s target of “below but close to 2%” in May, according to Destatis’ knowledge.
Harmonized customer costs increased 2. 4% year-on-year in May, faster than the 2. 1% recorded in April. The rate is in line with economists’ expectations and is the rate recorded since 2018.
On a monthly basis, the harmonized customer value index rose to 0. 3% as planned in May. The customer value index rose to 0. 5%, higher than the expected rate of 0. 3%.
Markets are waiting for a lot of economic data, adding the eurozone production PMI, the sector activity report, the unemployment rate and retail sales.
The pan-European Stoxx six hundred fell 0. 49%. Germany’s DAX fell 0. 64%, France’s CAC 40 closed down 0. 57% and Switzerland’s SMI lost 0. 55%.
In France, all adults in the now are eligible for the COVID-19 vaccine.
In the French market, Faurecia, Safran, Unibail Rodamco, Airbus Group, Sanofi and BNP Paribas 1 to 2%.
ArcelorMittal about 1. 5%. Hermes International, Accor and Michelin posted modest gains.
In Germany, Deutsche Bank shares lost about 1. 25% following reports of anti-money laundering considerations raised through the US Federal Reserve.
SAP, Bayer, SAP, Fresenius, MTU Aero Engines, RWE and Allianz lost between 1% and 2%. Volkswagen about 1%.