On Friday last week, European stock markets saw mostly lower closures as investors expressed concerns about rising interest rates, particularly in the US. This led to a patchy opening for the markets on Monday, with the Euro Stoxx 600 index trading sideways and the DAX index in Frankfurt showing a slight increase of 0.2 percent. However, the OMXS30 index in Stockholm was down 0.1 percent.
While both the US and UK markets were closed on Monday due to inflation figures for the euro area set to be released at the end of the week, Germany’s inflation figures were expected to provide an indication of overall inflation in the euro area when they are published on Wednesday. Nordea’s morning review suggests that total inflation in the euro area is expected to rise to 2.5 percent in May, with core inflation remaining steady at 2.7 percent, driven primarily by energy prices.
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