European stocks slumped toward the end of the trading session in Europe on Monday, after the release of disappointing data on number of existing home sales in the United States.
At 3.55 P.M. GMT, France’s CAC 40 was down 0.69%; Germany's DAX dropped 0.78 %; the EURO STOXX 50 was down 0.78%; and Britain's FTSE 100 slipped 0.56%.
Earlier in the day, the U.S. National Association of Realtors reported that the seasonally adjusted annual rate of existing home sales in December was 5.45 million, as opposed to the forecasted 5.95 million.
U.S. markets also slid in the wake of the data, erasing much of their previous gains.