European equities decline despite mixed economic data, with French producer prices rising sharply year-on-year.
European stocks retreated, with the Stoxx 600 index down as French domestic producer prices climbed 2.1% year-on-year in April. The UKX fell 0.92%, while Germany’s DAX and France’s CAC declined 0.06% and 0.48%, respectively.
The rise in French PPI contrasts with Spain’s retail sales, which increased 0.8% year-on-year in April. The data highlights divergent economic trends across the region, with inflationary pressures persisting in some areas.
No immediate market reaction was detailed in the release.