The majority of European stocks suffer sharp losses at the close of the first sessions of the week.
The majority of European stock indices experienced sharp losses at the close of the first trading session of the week on Monday, affected by purchasing managers' index (PMI) data for the manufacturing sector in the Eurozone.
In this regard, data released this morning showed a continued contraction in the manufacturing PMI indicators in both France and Germany—the largest economies in the Eurozone—and the UK, revealing the damage to manufacturing activity in the region and its potential negative implications for economic growth.
At the close of today’s session, the European stock index Euro Stoxx 600 recorded a gain of 0.12% to 515.83 points. Now, let’s take a look at the performance of European stock indices at the end of the session:
- The German DAX index lost about 92 points, closing at 20,313.81 points.
- The French CAC 40 index remained stable at 7,357.08 points, with a decrease of 0.71%.
- The British FTSE 100 index stabilized around 8,262.05 points, down approximately 0.46%.
- The Italian FTSE MIB index recorded 34,740.25 points, losing about 148.54 points.
- Meanwhile, the Spanish Ibex index rose by 0.23% to finish trading at 11,778.60 points.