European Stocks Close Lower and Log Monthly Gains

European stocks closed lower on Monday but was able to able record monthly gains during August, supported by an improved investors’ sentiment on positive news about COVID-19 vaccine and treatments.

STOXX Europe 600 closed down by 0.62% at 366.51, up by 2.8% for the August.

The UK’s FTSE100 lost 0.61%, while the French CAC40 declined by 1.11% and the German DAX finished lower by 0.67%.