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Europe Markets

Dec. 30, 2019, 10:24 a.m. EST

European stocks down in thin trading

By Pierre Briançon


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Lens manufacturer EssilorLuxottica among the top decliners on European markets

European stocks fell Monday morning, taking a respite from their jump last week on hopes that the U.S.- China trade dispute might soon end un in some form of armistice.

The Stoxx Europe 600 (STOXX:XX:SXXP)  was down 0.5% amid thin trading characteristic of the days between Christmas and New Year’s Day.

The UK FTSE 100 index (FTSE:UK:UKX) was down 0.3% in early trading, pulled down by retailers. Next PLC (LON:UK:NXT) , the British high-street fashion retailer, was among the top decliners, with a fall of 2%.

Germany’s Dax index, (NAS:DAX) was down 0.4%, with Siemens AG (FRA:DE:SIE)  the biggest decliner, down 1.4%.

France’s CAC40 (PAR:FR:PX1)  was down 0.6%, led by lenses manufacturer EssilorLuxottica (PAR:FR:EL) , whose share tanked 3.6% after the group indicated it had uncovered a fraud in a Thai factory that could hit its profit by up to €190 million.

Both the pound sterling (XTUP:GBPUSD)  and the euro (XTUP:EURUSD)  rose against the dollar, up 0.3% and 0.2%, respectively.

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