2023-05-29 19:20:31
European stocks fell amid limited trading Monday affected by technology and banking stocks, while investors are assessing the agreement reached in principle in the United States on the debt ceiling.
Sharjah 24 – Archyde.com:
European stocks fell amid limited trading Monday, affected by technology and banking stocks, while investors are assessing the agreement reached in principle in the United States on the government debt ceiling.
The pan-European STOXX 600 index closed down 0.1% following posting its strongest one-day gain in nearly two months on Friday.
It should be noted that the markets are closed Monday in the United States, the United Kingdom and several European countries.
After European stocks rose to multi-year highs supported by a positive data season earlier in May, concerns that debt ceiling talks in the United States might falter, and indications of a global economic slowdown have pressured European stocks recently, with the pan-European STOXX 600 index heading for its biggest monthly drop. him this year.
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