European stock markets were down in May, with the exception of the London Stock Exchange, which remained closed today.
In particular, the pan-European Stoxx 600 lost 1.46% to 443.92 points and the other pan-European Stoxx 50 fell 1.85% to 3,732.44 points.
On the rest of the board, the German DAX The French fell 1.13% to 13,939.07 points CAC-40 closed at 6,425.61 points with a drop of 1.66%.
In the periphery, the Italian FTSE MIB the Spaniard lost 1.63% to 23,857.23 points IBEX – 35 slipped 1.73% to 8,436 points.
Investors continue to watch the war in Ukraine and its geopolitical implications. EU countries discuss Russian oil embargo this week. Over the weekend, the United Nations and the International Committee of the Red Cross (ICRC) began evacuating civilians from the besieged southern port city of Mariupol.
At the end of the day, retail sales in Germany showed an unexpected drop of 0.1% on a monthly basis in March.
Meanwhile, the manufacturing sector in the euro area lost further momentum in April at the beginning of the second quarter, as production increased only marginally and with the lowest rate since June 2020, S&P Global announced. The manufacturing index was at a 15-month low in April, at 55.5 points from 56.5 points in March.
Alongside, trust between consumers and businesses in the euro area, fell in April due to rising inflation and Russia’s invasion of Ukraine. The Commission announced today that the economic climate index fell to 105 points in April from 106.7 points in March. Analysts expected the index to reach 108 points.
Source: Capital
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