Trading in the market after the liquidation of Wall Street; UK closed

LONDON — European markets started May on a weak footing, with investors digesting new economic data and a sudden drop in the Swedish stock market.

Meanwhile, German Monday morning retail sales showed an unexpected drop in March. The Federal Statistical Office said sales fell 0.1% in the month in real terms.

Global investors continue to monitor the war in Ukraine and its geopolitical implications. EU leaders are ready to work on a Russian oil embargo this week. Over the weekend, the United Nations and the International Committee of the Red Cross began evacuating civilians from the besieged southern port city of Mariupol. That operation is scheduled to continue Monday.

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On Wall Street, stocks rose slightly Monday morning after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, runaway inflation and disappointing earnings at some of the biggest tech companies. .

Stocks in Asia-Pacific fell on Monday, and data released over the weekend showed Chinese factory activity contracted in April.

In Europe, shares in wind turbine company Vestas fell 7.8% after cutting guidance. Airbus shares fell 1.8% despite receiving a large order from airline Qantas for its London-Sydney route.

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