Despite the euro area inflation rate slowing to 2.5% year-on-year and the eurozone jobless rate holding steady at 6.4%, European stock indices continue to fall, possibly due to concerns regarding the French legislative elections and core inflation readings.
In company news, Sainsbury's shares fell after revealing sales growth slowdown and weather impact on Argos and seasonal ranges. Grocery sales rose 4.8% to June 22, but food inflation easing significantly contributed to slower growth.
Collection
[
|
...
]