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%.