Stock indices traded lower on disappointing results of the G20 summit. The G20 finance ministers and central bank governors said at the G20 summit in Shanghai on Saturday that they will use the monetary policy tools to boost the global economic growth. They also said that downside risks to the global economy increased.
Meanwhile, market participants eyed the economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Monday. The preliminary consumer price inflation in the Eurozone declined to -0.2% year-on-year in February from 0.3% in January, missing expectations for a flat reading.
The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco fell to an annual rate of 0.7% in February from 1.0% in January. Analysts had expected the index to decrease to 0.9%.
Food, alcohol and tobacco prices were up 0.7% in February, non-energy industrial goods prices gained 0.3%, and services prices climbed 1.0%, while energy prices dropped 8.0%.
The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Monday. The number of mortgages approvals in the U.K. was up to 74,581 in January from 71,335 in December, exceeding expectations for an increase to 73,600. December's figure was revised up from 70,837.
Net lending to individuals in the U.K. increased by £5.3 billion in January, after a £4.3 billion gain in December. December's figure was revised down from a £4.4 rise.
Name Price Change Change %
FTSE 100 6,055.47 -40.54 -0.67 %
DAX 9,352.49 -160.81 -1.69 %
CAC 40 4,281.78 -32.79 -0.76 %