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European stocks close lower as geopolitical worries remain on traders' radars


Monday, 16 April 2018 23:32 WIB

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European stocks ended lower on Monday, as traders weighed the limited strikes on the Syrian regime over the weekend and the potential for additional U.S. sanctions against Russia.

Shares in Whitbread PLC surged after a U.S. activist hedge fund increased its stake in the British hotel and coffee-shop operator, but drops for Software AG and Polymetal International PLC helped put the brakes on the Stoxx Europe 600.

The Stoxx Europe 600 dropped 0.4% to close at 377.74, pulling back after achieving three up weeks in a row.

The pan-European gauge continues to show a year-to-date fall, down 2.9%.

France’s CAC 40 shed less than 0.1% to 5,312.96, while Germany’s DAX 30 fell 0.4% to 12,391.41.

The U.K.’s FTSE 100 slid 0.9% to 7,198.20 as the pound % rallied to $1.4323 from $1.4239 late Friday in New York.

The euro rose to $1.2368 from $1.2331 on Friday.

Source: marketwatch


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