European stock exchanges are sagging amid weak macro statistics from Germany and France

European stock indexes are showing a decline against the background of published economic data from Germany and France. The FTSE 100 in the UK dropped to 8,801.5 points. The French CAC 40 declined to 7,693.69 points, while the German DAX recorded a value of 23,821.72 points.

The situation became more complicated after reports that the volume of orders in German industry in May decreased by 1.4% compared to April. This turned out to be significantly worse than analysts' forecasts, which had expected only a slight decrease of 0.1%. In turn, industrial production in France also showed a drop in May. The decrease was 0.5% compared to April, despite growth expectations.

Investors continue to monitor developments in the international arena. The focus is on the possibility of concluding new trade agreements between the United States and a number of other countries. At the same time, July 9 remains an important milestone for the markets, when the 90-day delay in the introduction of US duties, announced earlier, expires. If additional restrictions are approved, the United States may resume retaliatory duties, which could affect many economies.