Europe Stocks End Lower
European bourses finished lower Monday, though off of their earlier lows. London's Financial Times-Stock Exchange 100 index lost 9.3 points, or 0.21%, to finish at 4,357.7. Some traders had been encouraged the U.K. October Manufacturing index, which rose at its fastest rate in 15 months, but discouraged that producer prices rose in November.
In Paris, the CAC 40 lost 22.23 points, or 0.64%, to 3,434.91. The French 10-month budget deficit widened by 14% as revenue declined. Thompson, Aeronautic Defense & Space stocks were lower. Germany's investor confidence is reported to be higher, and a separate report shows the German economy to be improving a bit, but the DAX index was still down 35.19 points, or 0.92%, to 3,806.54.
Asian stock markets ended sharply lower Monday. Japan's Nikkei 225 index slid 328.12 points, or 3.16%, to 10,045.34. In Hong Kong, the Hang Seng index moved 127.29 points lower, or 1.11%, to finish at 12,177.44.
"Expect global equities to continue to swing with the outlook for global growth, which is heavily dependent on demand from the world's largest consumer - the U.S.," says S&P in its weekly market analysis.
Canada's benchmark S&P/TSX added 0.49 points, or 0.01%, to 7,990.77.