European Shares Retreat From Record Highs on Commodities

European shares slipped on Monday from all-time highs, with commodity stocks leading losses, as sentiment weighed after weaker-than-expected Chinese trade data and inflation concerns.

Mining stocks fell more than 1% as copper prices fell after the below-expected Chinese export data raised fears of weak demand for the metal.

Oil and gas stocks also fell by more than one, as crude prices fell ahead of talks this week between Iran and world powers on a nuclear deal that is expected to raise crude supplies.

The pan-European STOXX 600 index fell 0.3% after closing at an unprecedented high on Friday, as global investors were cautiously held ahead of US inflation data due later this week.

Shares of French Edenard Coupons and Cards rose 1.9% after Deutsche Bank raised its recommendation for the stock to “buy”.