Commodity stocks push Europe off record highs by Reuters
© Reuters. FILE PHOTO: The graphic of the German stock index DAX is shown on June 4, 2021 on the Frankfurt Stock Exchange REUTERS / employees
(Reuters) – European stocks fell from all-time highs on Monday, with commodity stocks leading the declines as sentiment deteriorated after weaker-than-expected Chinese trade data and inflation concerns.
Miners fell more than 1% as prices fell after unexpected Chinese export data raised concerns about falling demand for the red metal. [MET/L]
Oil and gas inventories also fell more than 1% as crude oil prices fell ahead of talks between Iran and world powers this week on a nuclear deal designed to increase crude oil supplies. [O/R]
The continent-wide index fell 0.3% after closing at a record high on Friday, with global investors cautious on US inflation data later this week.
French voucher and card provider cards Edenred (PA 🙂 rose by 1.9% Deutsche Bank (DE 🙂 has upgraded the stock to “buy”.
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