Banks, autos drive early losses for Europe stocks

MADRID (MarketWatch) — European stock markets opened lower on Monday, with losses led by financial stocks, with shares of Societe Generale SA off 2.4%, Credit Agricole SA down 2.2% and Natixis SA losing 2.5%. The Stoxx Europe 600 fell 0.5% to 279.10. Autos were also lower, with BMW AG down 1.8%, Volkswagen AG off 1.6% and Renault SA down 2%. The German DAX 30 index fell 0.9% to 7,338.07, while the French CAC 40 index down 1.2% to 3,971.12. The FTSE 100 fell 0.4% to 5,902.09.

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