By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- European stock markets moved firmly
lower on Monday, as the late-week rally from Friday ran out of
steam.
The Stoxx Europe 600 index dropped 0.6% to 316.83, after scoring
a 2.8% rally on Friday. The sharp move higher came after a wider
selloff in European markets throughout the week, where the
pan-European index logged its longest losing streak in more than a
decade.
German stocks were among the hardest hit indexes in last week's
market rout, dropping to the lowest level in a year. On Monday, the
DAX 30 index was in for another beating, down 1.1% to 8,756.26.
Shares of SAP SE weighed on the German index, down 4% after the
software provider lowered its earnings outlook for this year.
Elsewhere in Europe, France's CAC 40 index fell 0.6% to
4,004.58, while the U.K.'s FTSE 100 index dropped 0.3% to
6,289.14.
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