MW:Europe stocks trim losses after U.S. retail data
By Sara Sjolin
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LONDON (MarketWatch) -- European stock markets trimmed losses in afternoon action on Monday, after data showed a surprise rise in U.S. retail sales in April. Retail sales rose 0.1%, beating analysts' expectations of a 0.6% decline. The Stoxx Europe 600 index XX:SXXP -0.26% was off 0.2% at 304.40, after trading around 304.08 ahead of the data release. The U.K.'s FTSE 100 index UK:UKX -0.17% fell 0.1% to 6,618.04, while France's CAC 40 index FR:PX1 -0.25% slipped 0.2% to 3,946.35. Germany's DAX 30 index DX:DAX -0.28% erased 0.2% to 8,266.03, retreating from an all-time closing high reached on Friday.
