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European stocks close mostly lower with declines in retail sales

European stocks close mostly lower with declines in retail sales
Annually, retail trade volume down 2.7% in euro area, 2.4% in EU during October

By Ovunc Kutlu

ISTANBUL (AA) - European stock markets closed with losses on Monday, except for the UK exchange, with declines in retail sales.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down 1.82 points, or 0.41%, to 441.47.

Germany’s DAX 30 fell 81 points, or 0.56%, to end the first trading day of the week at 14,447.

France’s CAC 40 lost 45 points, or 0.67%, to 6,696, while Italy’s FTSE MIB shed 73 points, or 0.3%, to finish at 24,547.

Spain’s IBEX 35 dropped 12 points, or 0.15%, to 8,370 at the closing bell.

The UK’s FTSE 100, on the other hand, was the only positive performer of the day, gaining 11 points, or 0.15%, to end at 7,567.

On a monthly basis, the retail trade volume fell 1.8% in the euro area and 1.7% in the EU during October, compared to the previous month, Eurostat announced earlier.

On an annual basis, the retail trade volume was down 2.7% in the euro area and 2.4% in the EU during October, compared to the same month of last year, the statistical office said.

source: News Feed
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