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Stock indices declined due to the weaker-than-expected inflation data in the Eurozone. Eurozone’s inflation increased 0.5% in May, after a 0.7% gain in March. Analysts had expected a 0.7% rise. Inflation target by the European Central Bank (ECB) is 2%.
Market participants expect the European Central Bank will add further stimulus measures on Thursday. Investors are awaiting the ECB will cut interest rates and announce measures to boost lending to smaller businesses.
The unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March. Analysts had expected the unemployment rate remains unchanged.
The number of unemployed people in Spain decreased by 111,900 in May, after a 111,600 decline in April. Analysts had forecasted a 112,300 drop.
Name Price Change Change %
FTSE 100 6,831.72 -32.38 -0.47%
DAX 9,925.00 -25.12 -0.25%
CAC 40 4,509.94 -5.95 -0.13%
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