European Stocks Fall, Investors Renew Concerns Over Inflation and Interest Rates
European stock markets closed lower on Friday (May 15), ending the previous two sessions of gains. The STOXX 50 Index fell 1.1% and the STOXX 600 weakened 0.8% as investor attention returned to inflation risks and the likelihood of higher interest rates.
Sentiment was also overshadowed by escalating tensions in the Middle East. Iran said around 30 ships were passing through the Strait, but traffic remained far below pre-conflict levels. Meanwhile, President Donald Trump signaled a tougher stance against Tehran, stating he was no longer patient and pushing for a deal with Washington.
In terms of stock movements, ASML Holding fell around 3%, HSBC fell 1.1%, and Siemens fell 2%. Mining stocks were among the weakest performers, with Fresnillo plunging 5.6% and Antofagasta dropping 5.5%. Infineon also fell 5.5%, placing it alongside the two mining stocks as the biggest decliners on the STOXX 600.
Despite Friday's correction, European stock markets remained positive for the week. The STOXX 50 rose 0.3% for the week, while the STOXX 600 recorded a 0.6% gain, indicating that the market remained resilient despite facing a combination of inflation risks, expectations of higher interest rates, and geopolitical uncertainty. (asd)
Source: Newsmaker.id
