Major stock market indexes in Europe closed lower on Friday after the publication of the bloc's key inflation report.
Earlier, the European Commission's statistical office Eurostat said that the annual inflation rate in the Eurozone remained at 2.4% in April, reaching the figure registered in March and stated in the preliminary estimate. Elsewhere, Daimler Truck and Volvo Group announced today that they will form a joint venture to develop a software-defined heavy-duty vehicle platform.
At 5:30 pm, the German DAX lost 0.07%, with E.ON being the worst performer, down 5.04%. The French benchmark CAC 40 fell by 0.26%, while Teleperformance decreased by 2.92%. The FTSE 100 declined by 0.25%, as Entain dropped by 5.21%. The pan-European Euro Stoxx 50 decreased by 0.17%, and Adyen was leading the losses, declining by 2.79%.
The euro was flat against the dollar at 5:39 pm CET, selling for $1.08673. In comparison, the pound was up by 0.20% to go for $1.26945 at the same time.
