Brussels, European stocks were down on Monday as investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week. The pan-European STOXX 600 index (.STOXX), was down 0.02 %. With the US and UK markets closed on Monday, trading activity was dull across the board. Investors are awaiting euro zone May consumer prices data for May ahead of the European Central Bank's (ECB) policy meeting next week. The central bank looks set to start easing interest rates in the upcoming meeting with a 90% probability and softer inflation data could help seal the June rate cut. In corporate news, shares of salmon producer P/F Bakkafrost led declines on the STOXX 600 index, with a 4.5 % slip after the ISA virus was found in two pens at farming site. Source: Qatar News Agency
Related Articles
Qatar’s CPI Records Increase of 0.37% in July 2023
The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of July 2023. The CPI of July 2023 reached 106.87 points showing an increase of 0.37% when compared to CPI of June 2023. Compared to CPI of July 2022,…
Qatar Airways Group Announces Plans to Acquire 25% Minority Stake in Virgin Australia
Qatar Airways Group announced plans to acquire a minority 25% equity stake in Virgin Australia from Bain Capital (subject to FIRB approval).
The existing partnership between Virgin Australia and Qatar Airways will be strengthened with todays announce…
Qatar Airways Cargo and Qatar Post Sign Strategic Cooperation Agreement
Qatar Airways Cargo and Qatar Postal Services Company (Qatar Post) Tuesday signed a cooperation agreement, demonstrating a shared commitment towards enhancing their strategic partnership in postal activities and mail transportation to and from Doha.
…