The decline in European indices continues

European stock exchanges continue to decline. The DAX30 closed the session at 12,672.49 points, with a loss of 0.14%. Fresenius Medical Care KGAA (-1.31%), Volkswagen AG (-1.30%) and Bayer AG (-0.97%) dropped the most.
The French index CAC40 almost remained unchanged, but closing 3.69 points lower (or by 0.07%) ranked it among the losing markets for the day and further confirmed the negative European trend. Sanofi SA with -1.99% has the worst performance.
FTSE 100 did not lag behind the continental trend in Europe and ended the day with a loss of 0.62% (closing at 7478.62). The British market will be in the focus of attention in the coming days because of parliamentary elections in the country.

Sound slap for Theresa May

Preliminary election results in the UK indicate a colossal failure of the Conservatives and Teresa May, who summoned early parliamentary elections to strengthen her parliamentary positions.
According to the initial forecasts, May's party, instead of raising seats in parliament, is about to lose 13.
At the same time, the Liberals are likely to strengthen their position in the new parliament by adding 30 new seats compared to the previous one.
Liberal Democrats also strengthen their positions, and they are expected to gain five new seats to occupy 12.
The National Party of Scotland also has serious loss, which lowers its number of seats in the new parliament by 19 - to 34.
However, no party will have a majority in the new parliament, after the seats of the conservative party are expected to be 300 and those of the liberals - 256.
Given the worst case scenario for the pound - the lack of a clear winner, the British currency has fallen over the rest of the major ones. The euro rose to 0.8780 or more than a cent against the pound, with the highest value reaching 0.8830.
The pound lost more than 2 cents against the dollar to 1.2750 after it was exchanged late yesterday at levels of nearly 1.3000.
It is expected to open its trading today with loss also the British FTSE.