In Frankfurt, bank Commerzbank, and airline Deutsche Lufthansa led the DAX into negative territory, dropping 4.2% and 3.7% respectively, followed by reinsurance company Munich Re, and industrial gasses company Linde, which dropped 1.9% each. The FTSE lost 1.70%, the DAX fell 0.74%, and the CAC-40 dropped 0.48%. The highest contribution to the annual euro area inflation rate in May came from services, energy, food, alcohol and tobacco, and non-energy industrial goods.