Global markets update: European shares fall, led by technology and bank stocks

  • The pan-European STOXX 600 index ends 0.1% lower. Stock markets in the US, the UK and several European countries closed on Monday

Rajendra Saxena
Published30 May 2023, 01:09 AM IST
Germany’s DAX fell 0.2% at 15,952.73.
Germany’s DAX fell 0.2% at 15,952.73.(REUTERS)

European shares fell on Monday on losses in technology and bank stocks.

The pan-European STOXX 600 index ended 0.1% lower.

Germany’s DAX fell 0.2% at 15,952.73. France’s CAC 40 declined 0.2% at 7,303.81 points.

Spain's IBEX lost 0.1% after Prime Minister Pedro Sanchez unexpectedly called a snap national election.

Swedish real estate group SBB shares climbed 2.6% from record lows.

Stock markets in the United States, the UK and several European countries were closed on Monday.

In Asia, stock markets wobbled on Monday after the news of US debt limit deal.

Hong Kong’s Hang Seng index fell 1% at 18,551.11. China’s Shanghai Composite added 0.3% at 3,221.45.

Japan’s Nikkei 225 rose 1% at 31,233.54.

Markets in Thailand, Taiwan and Philippines were in the green.

Australia’s S&P/ASX 200 index closed 0.9% higher at 7,217.4 points. New Zealand's benchmark S&P/NZX 50 index rose 0.9% at 11,935.65. 

Canada

Canada stocks surged on Monday as energy and financial shares gained.

The Toronto Stock Exchange's S&P/TSX composite index closed higher 47.64 points, or 0.2%, at 19,967.95.

Oil prices

Crude oil prices rose in volatile trade on Monday.

Brent crude futures closed up 12 cents, or 0.2%, at $77.07 a barrel. US West Texas Intermediate crude gained 25 cents, or 0.3%,at $72.92 a barrel.

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, are due to meet on June 4.

US debt deal

After weeks of wrangling, US President Joe Biden and House Speaker Kevin McCarthy finalised a compromise deal on Saturday and urged Democrats and Republicans to approve it before the government runs out of cash on June 5.

Both Biden and McCarthy said they are confident the bill will pass a House vote scheduled for Wednesday before moving to the Senate.

Analysts said the debt deal would allow investors to turn their attention back to the economy, inflation and Federal Reserve monetary policy. 

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:30 May 2023, 01:09 AM IST
Business NewsMarketsStock MarketsGlobal markets update: European shares fall, led by technology and bank stocks

Most Active Stocks

Bharat Electronics share price

283.90
10:40 AM | 13 NOV 2024
-6.35 (-2.19%)

Tata Steel share price

140.85
10:40 AM | 13 NOV 2024
-3.3 (-2.29%)

Tata Motors share price

788.40
10:40 AM | 13 NOV 2024
3.45 (0.44%)

Tata Power share price

408.75
10:40 AM | 13 NOV 2024
-5.5 (-1.33%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

PNB Housing Finance share price

925.20
10:35 AM | 13 NOV 2024
-62.2 (-6.3%)

Jubilant Pharmova share price

1,116.60
10:34 AM | 13 NOV 2024
-73.05 (-6.14%)

Rattanindia Enterprises share price

63.88
10:35 AM | 13 NOV 2024
-4.07 (-5.99%)

PNC Infratech share price

302.80
10:35 AM | 13 NOV 2024
-16.4 (-5.14%)
More from Top Losers

Medplus Health Services share price

700.75
10:35 AM | 13 NOV 2024
25.1 (3.71%)

Adani Power share price

576.15
10:35 AM | 13 NOV 2024
18.35 (3.29%)

Piramal Pharma share price

257.05
10:35 AM | 13 NOV 2024
6.5 (2.59%)

Suven Pharmaceuticals share price

1,232.20
10:32 AM | 13 NOV 2024
28.45 (2.36%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    77,305.000.00
    Chennai
    77,311.000.00
    Delhi
    77,463.000.00
    Kolkata
    77,315.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    103.02/L0.10
    Chennai
    100.90/L0.10
    Kolkata
    104.95/L0.00
    New Delhi
    94.77/L0.00

    Popular in Markets

      HomeMarketsPremiumInstant LoanMint Shorts