European shares closed mostly in the red Monday, as investors hesitated to add long positions and waited for more clues regarding the prospects of global economy. A holiday in Britain kept volumes thin.
The German DAX Index shed 38.76 points or 0.65% to 5912.41, and the French CAC 40 eased 20.43 points or 0.58% to 3487.01. The London market was closed for a bank holiday.
In the US, the Dow, the Nasdaq and the S&P 500 are down around 0.70% each.
Crude oil for October delivery on the New York Mercantile Exchange dropped $0.74 to $74.43 a barrel, while the price of gold was relatively flat near $1238 an ounce.
Among economic releases, euro-zone economic confidence rose to 101.8 in August from 101.1 in July and came slightly above the expected reading of 101.6, according to a survey from the European Commission. Consumer confidence also improved, to minus 11 in August from minus 14 in the previous month.
Poland's gross domestic product increased 1.1% in the June quarter, faster than the 0.7% rise in the March quarter. Year-over-year, the Polish economy grew 3.8%, following a 3.1% rise between January and March and higher than economists' expectations for a 3.2% growth.
In Belgium, the rate of consumer price inflation eased for the first time in eleven months. The consumer price index rose 2.32% year-on-year in August, slower than a 2.57% growth in the previous month.
Portugal's industrial output edged up 1.5% year-on-year in July, slower than a 3.4% increase in the previous month. On a monthly basis, industrial output fell 1.1% in July, following a 0.7% drop in June.
Auto stocks were weak in Frankfurt. MAN lost 2.06%, BMW dropped 1.48%, Volkswagen gave in 0.93% and Daimler trimmed 0.87%.
Infineon Technologies fell 4.58% after agreeing to sell its wireless chip unit to US technology giant Intel for about $1.4 billion in cash.
Chemical makers Linde and BASF shed over 1% each.
Steel producer ThyssenKrupp trimmed 1.09% and electronics firm Siemens surrendered 1.57%.
Deutsche Bank lost 1.09% and Commerzbank eased 0.39%.
Personal care products maker Beiersdorf ended down 1.05%.
Meanwhile, Fresenius Medical Care gained 0.50% and utility company E.ON edged up 0.11%.
In Paris, France Telecom led the losers. Shares of the internet provider dropped 3.45%.
Tire company Michelin fell 2% and equipment maker Alstom lost 1.84%.
Among banks, BNP Paribas trimmed 1.25%, Dexia shed 1.16% and Societe Generale eased 0.65%. Insurer Axa gave in 1.76%.
Car maker Renault lost 1.33%, while Peugeot added 0.23%.
Construction firm Bouygues shed 1.21% and Vinci ended down 1%.
Electrical equipment manufacturer Schneider Electric and media company Lagardere trimmed over 1% each.
Among the gainers, Sanofi-Aventis gathered 0.66%. The drug maker revealed an offer to buy US biopharmaceutical firm Genzyme Corp for $18.5 billion in cash. However, Genzyme rejected the offer.
Telecom equipment supplier Alcatel-Lucent rose 1.62%, retail chain Carrefour added 1.10% and wine producer Pernod Ricard gained 0.58%.
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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.