Stock market today: European stocks up, Asian shares mostly lower on weaker China factory data
Shares have opened mixed in Europe as markets recovered from shocks of recent elections across the region
BANGKOK — Shares opened mixed Monday in Europe as markets were recovering from losses following recent election upsets across the region.
In France, where wins by far-right parties have raised pressure on President Emmanuel Macron, the CAC 40 rose 0.2% to 7,516.49.
Germany’s DAX edged 0.1% higher, to 18,049.00 and the FTSE 100 in London slipped 0.1% to 8,141.68.
Last week, France’s CAC 40 lost 6.2%, its worst decline in more than two years. Germany’s DAX lost 1.4%.
European Union leaders were gathering for a dinner summit to take stock of the European election results and weigh nominees for the bloc’s top jobs.
The June 6-9 polls saw the European Parliament shift to the right. Voters dealt major blows to governing parties in heavyweight countries France and Germany, and investors worry that could weaken the European Union, stall fiscal plans and ultimately hurt France’s ability to pay its debt.
Recent elections have also shaken markets in Mexico, India and elsewhere.
In Asian trading, shares mostly fell after China kept a key lending rate unchanged and reported its factory output slowed in May, with the property market still deep in the doldrums.
Tokyo's Nikkei 225 index lost 1.8% to 38,102.44 and in Seoul, the Kospi declined 0.5% to 2,744.10. Australia's S&P/ASX 200 gave up 0.3% to 7,700.30.
Hong Kong's Hang Seng ended flat at 17,936.12, while the Shanghai Composite index shed 0.6% to 3,015.89.
Factory output fell 5.6% in China in May, the government reported, below analysts' forecasts and slowing from 6.7% the month before. Retail sales rose just 4.1% in the first five months of the year.
Overshadowing those
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