European shares end month around 7% down

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Source: Marketwatch
European stock indices ended May with the largest loss since August last year. Thursday's session was mostly negative for shares as weaker US data drove down investor sentiment. Stoxx Europe 600 index lost 0.4% and gave up 7% for the May. Spanish IBEX 35 traded almost flat but ended previous month 13.1% lower. French CAC 40 managed to end session marginally higher but was 6.1% down for May. German DAX finished day 0.3% lower and slipped 7.3% in May. British FTSE 100 index climbed 0.2% yesterday but faced worst monthly returns since February 2009, sinking 7.5%. 
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Fri, 01 Jun 2012 10:25:09 GMT

Merkel receives criticism for letting crisis to expand

German Chancellor Merkel faced critics from European leaders for allowing crisis to broaden. Italy's PM Monti and ECB President Draghi called Germany to stop opposing direct aid for indebted banks. Currently Germany rejects the issuance of euro bonds and direct capital injection into banks. Monti claims that Merkel's tools chosen for tackling the crisis are not prompt and sufficient. 

Fri, 01 Jun 2012 09:31:10 GMT

US stock indices declined more than 6% in May

US shares closed Thursday on negative note weighed by several disappointing macroeconomic news. Data showed US labour market added more jobless claims and GDP for the first quarter was revised down. S&P 500 index dropped 0.23% or 2.99 points and closed at 1,310.33. S&P 500 is 6.3% down for the month. Dow Jones Industrial Average fell 0.21% or 26.41 points and finished at

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