(Reuters) – The main European stock markets fell at the start of the session on Monday after a week marked by the rise of all major indices following the announcement by China of its most aggressive recovery plan since the pandemic and in the waiting for several European indicators.
In Paris, the CAC 40 lost 0.66% to 7740.3 points around 07:15 GMT. In London, the FTSE 100 fell 0.2% and in Frankfurt, the Dax fell 0.2%.
The EuroStoxx 50 index is down 0.1%, and the Stoxx 600 is down 0.3%.
In terms of values, the European automobile market is faltering after Volkswagen and Stellantis both announced, on Friday and Monday, a reduction in their annual outlook.
Stellantis lost 10%, dragging in its wake Renault and Forvia, which lost 5% and 4.8% respectively.
Volkswagen loses 3.1%.
UK GDP, data for which was released this morning, rose 0.5% in the second quarter, compared to analysts’ forecasts of 0.6%, according to LSEG data.
Investors will also be able to digest preliminary inflation figures from Germany later today.
(Written by Pauline Foret, edited by Kate Entringer)
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