By  on October 29, 2012

LONDON — European stock markets edged down at the close of trading on Monday, led by the FTSE MIB in Milan.

The Italian market declined 1.5 percent to 15,349.12, followed by the CAC 40 in Paris, which sank 0.8 percent to 3,408.89, and the DAX in Frankfurt, which retreated 0.4 percent to 7,203.16. The FTSE 100 in London fared the best, dipping 0.2 percent to 5,795.10.

The euro traded at $1.29, while the pound traded at $1.61.

Europe's retail and luxury stocks put on a mixed show, with the day’s biggest gainers including Burberry Group and which each advanced 0.9 percent to 11.63 pounds and 22.34 pounds, respectively.

Among the stocks that lost the most ground were French Connection Group, which sank 1.9 percent to 0.25 pounds; Geox, which fell 1.5 percent to 2.21 euros; Mulberry Group, which was down 2.2 percent to 9.98 pounds, and Metro AG, which declined 2.9 percent to 21.43 euros.

In the U.S., both the New York Stock Exchange and the Nasdaq Stock Exchange were shut on Monday, due to Hurricane Sandy, and they will be closed on Tuesday, as well.


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