European stocks fell as investors await inflation data

European stocks fell today, Monday, at a time when investors were assessing the potential impact of a US jobs report on future monetary policy moves in the United States, and they also await important data on inflation from several countries around the world this week.

According to Reuters, the European Stoxx 600 index fell 0.2% by 0703 GMT, following the path of Wall Street, where sentiment declined on Friday after the release of the US jobs report, which included mixed results.

Siemens (ETR: SIEGn) fell 5.8%, to the bottom of the Stoxx 600 index companies, after the German energy group said that problems in the wind turbine unit would cost it 2.2 billion euros, and the German Stock Exchange fell 1.6%.

PostNL shares rose 5.6% after the Dutch postal company raised its operating profit forecast for 2023, while OHP shares jumped 33% after the German aerospace company announced a voluntary public tender offer from the US investment company KKR of its outstanding shares

Amid increasing expectations that the US Central Bank and the European Central Bank are close to ending the monetary tightening cycle, investors are anticipating inflation data from Germany, China and the United States this week.