European stocks close mostly lower with declines in retail sales

ISTANBUL

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.