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European stocks fall from record but post fourth monthly gain | Malay Mail

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LONDON, June 1 — European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains. The pan-European index was down 0.5 per cent, with shares in...

LONDON, June 1 — European stocks slipped from record highs on Monday in subdued trading due to holidays in major markets, but optimism over a swift economic recovery helped the STOXX 600 index mark its fourth straight month of gains.

Italian insurer Cattolica surged 15.1 per cent after bigger rival Assicurazioni Generali said it would launch a 1.17 billion euros buyout offer for the company. Dovish comments from European Central Bank policymakers, including President Christine Lagarde who said it was too early to discuss slowing its pandemic emergency bond purchases , helped support sentiment last week.

“With headline inflation on the rise, the ECB’s attempt to avoid the taper conversation will become more and more complicated,” said Carsten Brzeski, global head of macro at ING said in a client note.

 

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