2023-05-29 17:32:00
© Archyde.com. Screens display data for the German DAX index on the Frankfurt Stock Exchange on May 26, 2023. Photo: Archyde.com.
(Archyde.com) – European stocks fell in thin trading on Monday, dragged down by technology and banking stocks, as investors assessed the agreement reached in principle in the United States on the government’s debt ceiling.
The European index closed 0.1 percent lower, following posting its strongest one-day gain in nearly two months on Friday.
It should be noted that the markets are closed on Monday in the United States, the United Kingdom and several European countries.
After European stocks rose to multi-year highs buoyed by a positive data season earlier in May, worries that debt ceiling talks in the United States might stall and signs of a global economic slowdown have weighed on European stocks recently. The pan-European Stoxx 600 index is heading for its largest monthly decline this year.
(Prepared by Marwa Gharib for the Arabic Bulletin)
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