Markets & Finance

European Markets Finish Lower


European stock markets finished lower on Monday, as traders eyed a potentially less-robust U.S. economic outlook. London's Financial Times-Stock Exchange 100 index fell 23.5 points, or 0.54%, to 4,314.40. The U.K. producer price index rose 0.6% in July, while output prices rose 0.1%, less than expected. House prices rose by 13.9% year-on-year in June, up from 12.2% in May. British Airways was lower on plans to more than double the fuel surcharge on its long-haul flights because of rising oil prices, reports S&P's MarketScope.

In Paris, the CAC 40 lost 31.34 points, or 0.89%, to 3,497.30 on economic growth jitters. High-end retailer Hermes was higher after reporting strong second-quarter sales. Germany's DAX index declined 37.41 points, or 1%, to end at 3,690.33.

Asian stock markets lost more ground overnight. Japan's Nikkei 225 index fell 63.87 points, or 0.58%, to 10,908.70, as Friday's data-induced slump on Wall Street weighed on early trade.

In Hong Kong, the Hang Seng index fell 11.27 points, or 0.09%, 12,467.41. "China plays on the bourse were hit, amidst worries that Beijing might launch more measures to cool China's economy," according to MarketScope.


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