Europe’s major stock indexes were mixed on Monday (May 31) as investors responded to inflation data from some of the region’s largest economies.
Germany’s DAX stock market was trading 0.24% lower at 15,481 after hitting an all-time high last week. France’s CAC was largely flat, trading at 6,488 in Paris.
Switzerland’s SMI was also flat, as was Italy’s FTSE MIB, up just 0.3% at 25,249. It is a bank holiday in the United Kingdom on May 31 with the FTSE 100 closed.
The German index was weighed down by Deutsche Bank, whose share price was trading in negative territory, down nearly 2% after reports that the U.S. Federal Reserve said it was concerned about the German lender’s anti-money laundering practices.
Also on Monday, inflation data was published for countries including Spain, which saw its highest inflation reading in four years. Consumer prices rose 2.4% in May year-over-year according to data from the country’s National Statistics Institute.
Meanwhile, France has begun COVID-19 vaccinations for everyone over the age of 18.
Despite starting the day mostly in the green, European markets were also being pulled down late morning by a pullback in Asian markets as China reported a manufacturing growth slowdown due to higher commodity prices.
U.S. markets are closed on May 31 for Memorial Day.
