European stocks finish away from 6-week high as tech, trade woes linger

Monday, 30 July 2018 23:59 WIB

EropaIndeks Stoxx Europe 600


European stocks fell from a six-week high Monday, with brewer Heineken NV among the companies whose shares lost ground after financial results, with troubles surrounding the technology sector and global trade weighing on markets before July dealings wrap up this week.

The Stoxx Europe 600 index fell 0.3% to finish at 390.92, with tech and utilities sectors losing the most. The telecom and financial sectors was the only advancers. On Friday, the index rose 0.4% to 392.08, its strongest finish since June 14. Last week, it rose by 1.7%, the best weekly gain since March 9, FactSet data show.

Germany’s DAX 30 index fell 0.5% for a close at 12,798.20, and France’s CAC 40 index moved down 0.4% to 5,491.22.

Spain’s IBEX 35 ended 0.1% lower at 9,854.10, and the U.K.’s FTSE 100 index shed less than 1 point to close at 7,700.85.

Source: Marketwatch


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