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5/31, 5:30 PM (Source: TeleTrader)
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Europe closes lower after EU inflation report

Major stock market indexes in Europe closed mixed on Tuesday after the preliminary report on inflation in the Eurozone in May showed the figure jumped to a record 8.1%. Later, the European Union remarked that 22 million tons of grain are blocked in Ukraine due to Russia's military operation in that country, while Moscow accused the West of deterring the efforts to solve the food crisis.

The DAX closed 1.38% or 201 points lower as Delivery Hero SE fell by 4.54%. The FTSE 100 dropped by 0.42%, with B&M European Value Retail SA sinking by 14.17%. The CAC 40 went down by 1.59% as Safran SA decreased by 3.78%.

The euro lost 0.49% to the dollar to sell for $1.07258 at 5:28 pm CET. At the same time, the pound sterling declined by 0.42% against the greenback to go for $1.25989.

Baha Breaking News (BBN) / JR