Data from the European Central Bank showed that the eurozone current account recorded a surplus of 31 billion euros in March, compared to 24 billion euros in April.
Preliminary data released by Standard & Poor’s Global showed the composite purchasing managers’ index rose to 54.3 points, the highest level in 13 months.
As preliminary data for the euro zone showed, the composite PMI fell in May to its lowest level in three months at 53.3 points, driven by falling service sector expectations to its lowest level in two month and the drop in the manufacturing sector. to its lowest level in 36 months.
Market movements
The pan-European Stoxx 600 index fell 0.6%, its biggest daily percentage loss in three weeks.
The index of luxury goods companies plunged 4.3%, its biggest daily loss since mid-December, as investors took profits after stocks in the sector surged amid signs of falling request in the United States.
Julius Baer fell 7.4% to bottom on the STOXX 600 index after the bank reported modest cash flow in the first four months of the year, disappointing investors who expected what it benefits from the difficulties of Credit Suisse.
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