European Equities Close Lower in Monday Trading; UK GDP 0.7%, German CPI 2.0%

12:14 PM EDT, 06/30/2025 (MT Newswires) -- The European stock markets closed lower in Monday trading as The Stoxx Europe 600 fell 0.37%, Germany's DAX lost 0.44%, the FTSE 100 was down 0.43%, France's CAC 40 was off 0.33%, and the Swiss Market Index declined 0.49%.

In the UK, the gross domestic product grew an estimated 0.7% in Q1, up from 0.1% the previous quarter, according to the Office for National Statistics. The ONS said output growth in Q1 was led by a 0.7% increase in the services sector. The Q1 GDP met analyst forecasts, according to Bloomberg.

In Germany, annual inflation is expected to rise 2% in June, compared with a year earlier, according to the German Federal Statistical Office. Analysts were expecting 2.2%, according to Bloomberg. Compared with the previous month, the FSO said it estimated that consumer prices were unchanged at 0.0%.

And in corporate news, Stellantis is recalling over 250,000 Chrysler Pacifica and Voyager vehicle models from 2022 to 2025 due to air bag issues, according to a US National Highway Traffic Safety Administration letter Friday acknowledging the company's notification.

The regulator said the affected vehicles' right and left side curtain air bags could have "improperly sealed seams" that could cause insufficient pressure retention, increasing the risk of ejection and injury in case of a crash.

Shares of Stellantis fell 3.5% on the Parisian bourse.

Vodafone Group launched an up to 2 billion euro ($2.34 billion) multi-currency debt tender and released initial terms for a multi-tranche offering of euro and sterling benchmark bonds, Bloomberg reported Monday. The tender offer is expected to end on July 29, with an early settlement date of July 17, Bloomberg said.

Vodafone did not immediately respond to MT Newswires' request for comment on the matter.

Shares of the telecommunications operator were up 0.3% in London trading.

The European Union will not consider any changes to its landmark rules against targeting big tech overreach during its trade negotiations with the US, Reuters reported Monday, citing comments made by an EU spokesperson at a news conference.

The EU's Digital Markets Act seeks to rein in the power of Alphabet, Apple, Meta Platforms, Microsoft, and TikTok owner ByteDance.

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