Europe, Asia Lower

European markets were lower on quiet Pentecostal holiday trading; Japan's Nikkei closed lower Monday ahead of tommorrow's first-quarter GDP data

European stock markets were lower on Monday. In London, the Financial Times-Stock Exchange 100 index slipped 2.30 points to 4884.20 in a quiet Pentecostal holiday trading of 1.105 billion shares. 49 FTSE stocks rose and 47 fell. Yields on 10-year gilts were flat at 4.36%. The sterling was off at $1.8371. BP and Shell Transport lower as June Brent crude oil futures slipped. William Hill fell after agreeing to buy Stanley Leisure Plc's betting shops for 504 million pounds. Hilton Group fell. Pearson lost ground after UBS cut its recommendation on the stock to "reduce" from "neutral". Steelmaker Corus rose on news China's imports of steel products rose to a one-year high in April.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.