Home / Market Update / Global Stock Market / European Stocks Close Marginally Lower

European Stocks Close Marginally Lower

European stocks finished lower on Monday, opening the third week of May with a negative performance, as stock markets remain impacted by concerns over the surge in consumer inflation in the United States, which led to expectations of the Federal Reserve raising interest rates.

The pan-European STOXX 600 index finished marginally lower, with the travel and leisure sectors plunging by 2.25%.

The French CAC40 index declined by 0.28%, while the German benchmark index DAX lost 0.13%, and the UK’s FTSE100 finished lower by 0.15%.

Check Also

Bitcoin Surges on U.S.-China Trade Talk Progress, Altcoins Follow Suit

Bitcoin experienced a sharp rise on Tuesday as investors reacted positively to the progress in …