Global Stocks Slip as Inflation Remains in Focus
Patricia Kowsmann and Xie Yu, 31 May 2021
Global stock markets were mixed Monday as investors wrapped up a month of trading dominated by concerns over inflation and the pace of the international economic recovery.
Trading was light with holidays in the U.S. and the U.K. S&P 500 stock futures were little changed Monday.
In Europe, Germany’s DAX index slid 0.2%, dragged by Deutsche Bank shares, which fell 1.6%. The Wall Street Journal reported Sunday that the Federal Reserve told the bank in recent weeks that it is failing to address persistent shortcomings in its anti-money-laundering controls, according to people familiar with the matter.
Spain’s IBEX index fell 0.2% as shares of utility companies dropped on local media reports of a government proposal to drive down electricity bills in the country. Endesa shares were down over 4%.
The pan-Continental Europe Stoxx 600 index was flat.
