European Stocks Fall

Higher oil prices and disarray in the EU over budgets after last week's failed meeting sent major indexes lower

European stock markets were lower on Monday. In London, the Financial Times-Stock Exchange 100 index fell 5.6 points to 5072. August Brent crude oil futures prices rose on speculation. 70 FTSE stocks fell and 31 rose on turnover of 1,151,000,000 shares. Yields on 10-year gilts rose to 4.40% from 4.39% yesterday. Sterling was off at $1.8229.

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