MW: Europe stocks trim gains as U.S. ISM gauge falls
By William L. Watts
FRANKFURT (MarketWatch) -- European stocks trimmed gains Monday but remained in positive territory after a gauge of U.S. manufacturing activity fell more than expected. The Institute for Supply Management said its June index declined to 49.7% from 53.5% in May. Economists surveyed by MarketWatch had forecast a reading of 52.3%. A reading of less than 50% indicates a contraction in activity. The Stoxx Europe 600 index XX:SXXP +0.99% remained 0.9% higher at 253.53. The German DAX 30 index DX:DAX +0.74% was up 0.8% at 6,466.95, while the French CAC 40 index FR:PX1 +0.96% traded at 3,226.90, a 0.9% gain. London's FTSE 100 index UK:UKX +0.62% was up 0.6% at 5,605.30.
