European Markets Close Negative, Retreat From Weekly Gains

All major indices in Europe closed in negative territory on Monday, retreating from their gains last week.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 2.35 points, or 0.5%, to close at 467.04 after the index rose 2.64% last week.

London's FTSE 100 decreased 30 points, or 0.42%, to 7,203, while Germany's DAX 30 lost 112 points, or 0.72%, to 15,474. Last week, the indices added 1.95% and 2.5%, respectively.

France's CAC 40 fell 54 points, or 0.81%, to close at 6,673 points, while it was up 2.55% last week.

Italy's FTSE MIB 30 showed the largest decline of the day by plummeting 220 points, or 0.83%, to 26,268. Borsa Italiana rose 1.68% last week.

Spain's IBEX 35 lost 61, or 0.68%, to end at 8,936. Last week, the index increased 0.46%. -