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European Stocks Lower on Monday.

European Stocks Lower on Monday.

London, 13 may 2024

Monday's closing price of European equities was little lower. The Stoxx 50 and the Stoxx 600 fell below the flatline as investors awaited the publication of this week's important US inflation data, first-quarter GDP, and employment figures for the Euro Area.

In a Nutshell

Auto stocks increased by 1.4%, while companies related to construction and commodities witnessed a 0.9% fall.

Following rumours that U.S. Republican presidential candidate Donald Trump would obstruct offshore wind development if re-elected, Orsted shares plummeted by about 4%.

Conversely, Maersk's stock increased by more than 7% even though its CEO expressed worries that trade disruptions would continue into the following year.

The stock of Siemens Energy held steady following the German behemoth's increase of its 2024 outlook.


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