Previous close | 14,027.93 |
Open | 13,986.17 |
Volume |
Day's range | 13,864.95 - 14,043.10 |
52-week range | 12,438.85 - 16,290.19 |
Avg. volume | 105,288,601 |
European stock markets traded lower Monday, starting the week on a cautious note as investors fretted over the outlook for global economic growth amid rising geopolitical tensions. An illustration of the global economic slowdown came from China earlier Monday, as April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output fell 2.9% instead of the slight increase expected, pointing to the deep damage COVID lockdowns were doing to the world's second-largest economy. The European Union publishes its economic forecasts later in the session, and the market will be looking to see the impact of the Ukraine war and soaring inflation on growth expectations.
The BoE, the ECB, the Fed, the PBoC, and the RBA are all in focus in the week ahead. Recession fears are placing greater emphasis on policy chatter.
It was a bullish week for the European majors, with Fed Chair Powell delivering much-needed support at the end of the week to end an extended losing streak.