European blue-chip indexes fall after weak economic data
Updated
Updated · Barron's · May 7
European blue-chip indexes fall after weak economic data
8 articles · Updated · Barron's · May 7
The Stoxx 600 slipped 0.25%, the FTSE 100 fell 0.7%, the DAX lost 0.2% and the CAC 40 edged 0.1% lower after early gains faded.
German real-estate stocks dropped 1.7% as construction PMI hit a 13-month low, while weaker-than-expected March retail sales darkened the outlook for European retailers.
Italy's FTSE MIB fell 0.2%, Spain's IBEX 35 held a 0.05% gain, and FTSE oil majors declined as Brent crude slipped below $100 a barrel.
Germany's construction market is plunging. Is this the first domino to fall in a wider European recession?
A fragile ceasefire calmed oil prices, but can Europe's economy withstand the next geopolitical shock?
With luxury sales faltering and consumers cautious, has Europe's post-pandemic economic rebound officially ended?