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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 SXXP, -0.69% was down 0.5% amid thin trading characteristic of the days between Christmas and New Year’s Day.
The UK FTSE 100 index UKX, -0.58% was down 0.3% in early trading, pulled down by retailers. Next PLC NXT, -1.57%, the British high-street fashion retailer, was among the top decliners, with a fall of 2%.
Germany’s Dax index, DAX, -0.34% was down 0.4%, with Siemens AG SIE, -1.08% the biggest decliner, down 1.4%.
France’s CAC40 PX1, -0.74% was down 0.6%, led by lenses manufacturer EssilorLuxottica EL, -2.87%, 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 GBPUSD, +0.3440% and the euro EURUSD, +0.2684% rose against the dollar, up 0.3% and 0.2%, respectively.
