PARIS — Europe’s major indices opened lower on Monday after disappointing data on the Chinese economy raised concerns of a slowdown in the world’s second-largest economy.
The FTSE MIB in Milan fell 1 percent to 20,864.90, while the CAC 40 and the FTSE 100 in London were both down 0.4 percent to 4,422.89 and 6,779.31, respectively. Meanwhile, the DAX in Frankfurt eased 0.2 percent to 9,629.19.
Fashion, luxury and retail stocks had a mixed start to the week.
Risers included French Connection Group, up 4.8 percent to 0.68 pounds; Mulberry Group, which rose 2.5 percent to 7.68 pounds, and Hennes & Mauritz AB, which gained 2.2 percent to 309.50 Swedish kroner after announcing sales in local currencies increased 16 percent in the third quarter.
Among those that fell were Luxottica Group, down 0.8 percent to 40.15 euros, and Geox, which lost 1 percent to 2.76 euros.
At 10:40 a.m. CET Monday, the euro traded for $1.31, the pound went for $1.66 and the Swedish krona stood at $0.14.