{"id":59874,"date":"2025-05-19T09:09:43","date_gmt":"2025-05-19T09:09:43","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/19\/european-shares-edge-lower-on-us-debt-concerns\/"},"modified":"2025-05-19T09:09:43","modified_gmt":"2025-05-19T09:09:43","slug":"european-shares-edge-lower-on-us-debt-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/19\/european-shares-edge-lower-on-us-debt-concerns\/","title":{"rendered":"European Shares Edge Lower On US Debt Concerns"},"content":{"rendered":"
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European stocks traded lower on Monday as investors reacted to Moody’s downgrade of U.S. credit rating and mixed economic data from China. <\/p>\n

The British pound rallied after the U.K. reached an agreement with the European Union to reset relations.<\/p>\n

“There is an agreement … on the different texts and parallel aspects of the EU-UK Summit,” one EU diplomat reportedly said.<\/p>\n

The pan European STOXX 600 dropped 0.6 percent to 545.82 after rising 0.4 percent on Friday. <\/p>\n

The German DAX slipped 0.3 percent, while France’s CAC 40 and the U.K.’s FTSE 100 both were down around 0.6 percent. <\/p>\n

Budget carrier Ryanair jumped 4.4 percent after signaling robust demand for travel this summer.<\/p>\n

Volkswagen plunged nearly 5 percent after shareholders renewed their criticism of the automaker’s corporate governance at the carmaker’s virtual annual general meeting on Friday. <\/p>\n

Dutch tech investor Prosus fell more than 1 percent as it launched its cash offer to acquire delivery giant Just Eat Takeaway.<\/p>\n

Diageo advanced 1.5 percent as the world’s leading spirits company unveiled a $500 million savings plan. <\/p>\n<\/p>\n<\/div><\/div>\n