The European stock markets closed lower in Monday trading as The Stoxx Europe 600 lost 0.19%, Germany's DAX was down 0.33%, the FTSE 100 was off 0.14%, France's CAC 40 slid 0.67%, and the Swiss Market Index declined 0.10%.
The seasonally-adjusted HCOB Flash Composite PMI Output Index, which gauges the health of European manufacturing remained unchanged at 50.2 in June from May and registered above the 50 threshold indicating expansion for a sixth straight month. However, the expansion of business activity continues to be marginal.
In the UK, the S&P Global UK Consumer Sentiment Index edged lower in June to 45.0 from 45.2 in May. The index indicated that British households are still experiencing a decline in their financial health.
And in corporate news, HSBC is weighing plans to bring more employees back to offices, a move that could raise its real estate costs by about $200 million annually, Bloomberg reported Monday, citing people familiar with the matter. HSBC did not immediately respond to MT Newswires' request for comment.
Source : MT Newswires
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