European stocks were hammered on Monday, after Spain formally requested $77 billion in aid from its European Union neighbors. The Euro Stoxx 50 index of blue chip stocks fell 2.57%, with banks coming under the heaviest pressure. BBVA lost 5.5%, and Deutsche Bank was down 4%.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.