Investing.com – European stocks were mixed on Monday, as a raft of upbeat euro zone economic data failed to offset negative market sentiment amid fears of a slowdown in the global economic recovery.
During European morning trade, the EURO STOXX 50 was down 0.29%; France’s CAC 40 slid 0.24% and Germany's DAX gained 0.06%.
Earlier Monday, official data showed that the volume of retail sales in the euro zone rose more than expected in May, rising 0.2% in May, following a decline of 0.9% in April, whoes figure was revised up from 1.2%.
Analysts had expected an increase of 0.1% in May.
A separate report showed that the euro zone's services sector expanded for the tenth consecutive month in June.
In a report, the market research group, Markit said the euro zone services business activity index was 55.5 in June, following a result of 55.4 in May.
Analysts had expected a result of 55.4 in June.
In London, the FTSE 100 slid 0.16% after data earlier in the day showed the service sector in the U.K. lost momentum in June as buisness activity fell to its lowest level in ten months.
The outlook for U.S. equity markets, meanwhile, was dim: Dow Jones Industrial Average futures indicated a decrease of 0.29%, S&P 500 futures pointed to a fall of 0.36% and Nasdaq 100 futures indicated a drop of 0.24%.
In the United States, Wall Street was closed on Monday for the Independence Day holiday.
During European morning trade, the EURO STOXX 50 was down 0.29%; France’s CAC 40 slid 0.24% and Germany's DAX gained 0.06%.
Earlier Monday, official data showed that the volume of retail sales in the euro zone rose more than expected in May, rising 0.2% in May, following a decline of 0.9% in April, whoes figure was revised up from 1.2%.
Analysts had expected an increase of 0.1% in May.
A separate report showed that the euro zone's services sector expanded for the tenth consecutive month in June.
In a report, the market research group, Markit said the euro zone services business activity index was 55.5 in June, following a result of 55.4 in May.
Analysts had expected a result of 55.4 in June.
In London, the FTSE 100 slid 0.16% after data earlier in the day showed the service sector in the U.K. lost momentum in June as buisness activity fell to its lowest level in ten months.
The outlook for U.S. equity markets, meanwhile, was dim: Dow Jones Industrial Average futures indicated a decrease of 0.29%, S&P 500 futures pointed to a fall of 0.36% and Nasdaq 100 futures indicated a drop of 0.24%.
In the United States, Wall Street was closed on Monday for the Independence Day holiday.