WWD.com/business-news/financial/chinese-data-dents-european-markets-7380080/
government-trade
government-trade

European Markets Close Mixed on Monday

The British and Italian indices were up, while those in Germany and France retreated.

LONDON — European stock markets put on a mixed performance at the close of trading on Monday, with the FTSE 100 in London and the FTSE MIB in Milan making marginal gains, and the other two major markets edging down.

 

The British market was up 0.1 percent to 6,836.73 points, followed by the Italian one, which gained 0.02 percent to 19,973.45. The DAX in Frankfurt, meanwhile, was down 0.3 percent to 9,715.90, while the CAC 40 in Paris fell 0.1 percent to 4,322.86.

 

The euro traded against the dollar at $1.35, the pound fetched $1.64 and the Swiss franc equaled $1.10.

 

Retail and luxury stocks put on a mixed show, with the day’s biggest gainers including Gemfields, up 4.4 percent to 0.36 pounds. French Connection gained 7.9 percent to 0.38 pounds; Mulberry Group, 2.3 percent to 9.33 pounds, and Swatch Group, 1.7 percent to 112.10 Swiss francs.

 

Among the stocks that lost the most ground was Safilo Group, which declined 3.5 percent to 18.24 euros. Asos.com retreated 2.4 percent to 67.45 pounds, and Debenhams plc dipped 1.5 percent to 0.81 pounds.

 

Earlier in the day, European markets were dented by news of a slowdown in the growth of China’s gross domestic product, which grew 7.7 percent in the three months to December, the slowest pace in 14 years. The figure was down from 7.8 percent in the previous quarter, although it beat the government’s target of 7.5 percent.