European equity close: Down on the day and mixed in the month of May


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French CAC monthly
  • Stoxx 600 -0.9%
  • German DAX -1.4%
  • UK FTSE 100 -0.1%
  • French CAC -1.6%
  • Italy MIB -1.2%
  • Spain IBEX -0.9%

On the month:

  • Stoxx 600 -1.6%
  • German DAX +2.1%
  • UK FTSE 100 +0.8%
  • French CAC -1.0%
  • Italy MIB +1.1%
  • Spain IBEX +3.0%

The euro gained 1.7% in the month and the pound 0.2%. The S&P 500 is on track for a 0.2% decline this month.

The kinds of doji star patterns like on the CAC chart above are typical. That highlights the uncertainty in the market, but also the opportunity for a rebound. Unfortunately, the seasonals aren’t great for stocks in June.