European Stocks Retreat from Record Highs and Close Lower

European stocks finished lower on Monday, with markets reacting to the recent inflation data.

The STOXX Europe 600 index lost 0.49% to close at 446.76 points.

The pan-European index ended last week at a new record high, registering weekly and monthly gains.

The French CAC40 index ended today’s session lower for the day by about 0.57%.

Meanwhile, the German benchmark index, DAX, lost 0.64%, following a surge to a new all-time high for the main index of the Frankfurt Stock Exchange in the previous week.