European stocks decline as investors await inflation data

European stocks fell Monday, August 7th at a time when investors are assessing the potential impact of a US jobs report on future monetary policy moves in the United States, and they are also anticipating important data on inflation from several countries around the world this week.

And by 07:03 GMT, the European STOXX 600 index fell 0.2%, following the path of Wall Street, where sentiment declined on Friday after the release of the US jobs report, which included mixed results.

Siemens shares fell 5.8%, to the bottom of the Stoxx 600 index companies after the German energy group said that problems in the wind turbine unit would cost it 2.2 billion euros, equivalent to 2.4 billion dollars.

The German Stock Exchange fell 1.6%.

PostNL shares rose 5.6% after the Dutch postal company raised its operating profit forecast for 2023.

OHP shares jumped 33% after the German aerospace company announced a voluntary public tender offer from US investment firm KKR for its outstanding shares.

Amid increasing expectations that the US Federal Reserve and the European Central Bank are close to ending the monetary tightening cycle, investors are anticipating inflation data from Germany, China and the United States this week.