Forexpros – European stocks were down after the closing bell on Monday.
At the close of European trade, Germany’s DAX fell 3.35%, London’s FTSE 100 shed 2.62%, France’s CAC 40 declined 3.41% and the EURO STOXX 50 was down 3.42%.
Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 4.97M last month from 4.90M in the preceding month whose figure was revised down from 4.91M.
Analysts had expected existing home sales to fall to 4.80M last month.
Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 2.51%; the S&P 500 index shed 2.28%, while the Nasdaq 100 index declined 2.34%.
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