European Stocks Fall in Tuesday Trading; German Inflation Rises
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European stock markets declined on Tuesday, with the Stoxx Europe 600 down 1% and Germany's DAX 40 falling 1.5%. Inflation in Germany rose to 2.9% in April, the highest since January 2024, driven by increased energy prices. In corporate news, Novo Nordisk's shares fell 1.2%, Vodafone's dropped 8% despite a profit report, while Shell's shares rose 1% after announcing plans to divest its gasoline stations in France. AstraZeneca's shares increased by 1.5% following positive trial results, while Nokia's shares fell 3% after introducing new AI capabilities.
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