European stock markets closed lower on Tuesday as investors appeared nervous shortly before the European Central Bank’s crucial decisions this week to fight frantic inflation.
The pan-European Stoxx 600 index lost 0.3% and closed at 442.88 points.
The German DAX fell 0.7% to 14,556.62 points, the French CAC 40 also fell 0.7% to 6,500.35 points, while the British FTSE 100 lost small 0.1% to 7,598.93 points.
The British Prime Minister Boris Johnson crossed the reef of the motion of censure yesterday which was submitted against him, on the occasion of the party scandal in Downing Street during the quarantine period, with a total of 211 deputies voting in favor of his remaining in the leadership of the Conservative Party and 148 against.
In the periphery, the Italian FTSE MIB lost 0.8%, while the Spanish IBEX 35 gained 0.06%.
Investors remain on hold for the European Central Bank meeting on Thursday, with the Bank of England and the US Federal Reserve meeting next week.
The ECB is expected to announce the end of bond markets at its meeting, paving the way for raising interest rates at its next meeting in July.
At daytime, German manufacturing orders fell 2.7% on a monthly basis as the war in Ukraine continued to affect the industry.
By contrast, industrial production in Spain rose 2.4% year-on-year in April, while analysts forecast a 0.2% drop.
Source: Capital
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