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European stocks edge lower after downbeat German data

Paddy Power Betfair was the largest decliner in the Stoxx Europe 600, while Banco BPM was one of the biggest gainers

European stocks edge lower after downbeat German data

European stocks largely paused Monday after the prior week’s sizable rally, limited by a downbeat reading on German industrial output and tumbles for PostNL and Paddy Power Betfair, MarketWatch reports.

The Stoxx Europe 600 edged down by 0.2% to 381.77. That’s after the benchmark on Friday gained 1% for its biggest percentage rise in three weeks, with analysts pinning the jump on an encouraging US jobs report. The gauge tacked on 1.1% last week.

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