European Stock Market Sink On Monday

(RTTNews) - European stocks finished modestly lower on Monday as investors waited for Iran's response to the weekend U.S. air strikes on its nuclear sites.

Media reports suggest that Iran is mulling blocking the Strait of Hormuz, a key artery for global oil and gas supplies being sent around the world from Middle East. Other reports said that Iran may target one of several U.S. military bases located throughout the region.

Meanwhile, Israeli officials have signaled that the country is prepared to halt its military campaign against Iran if Supreme Leader Ayatollah Ali Khamenei ceases hostilities and seeks a resolution to the conflict.

Germany's DAX sank 81.54 points or 0.35 percent to finish at 23,269.01, while the FTSE in London dipped 16.61 points or 0.19 percent to close at 8,758.04 and the CAC 40 in France shed 52.09 points or 0.69 percent to end at 7,537.57.

In Germany, Deutsche Post stumbled 1.80 percent, while Deutsche Telekom jumped 1.61 percent, Allianz slumped 1.18 percent, E.ON climbed 1.12 percent, Deutsche Bank sank 0.54 percent, Heidelberg Materials lost 0.31 percent, Volkswagen fell 0.30 percent, Vonovia added 0.23 percent and Deutsche Borse perked 0.04 percent.

In London, easyJet tanked 2.39 percent, while Ashtead Group tumbled 1.99 percent, Experian rallied 1.59 percent, British American Tobacco retreated 1.13 percent, Vodafone and Schroders both slumped 1.04 percent, Airtel Africa improved 0.88 percent, Rightmove added 0.54 percent, Scottish Mortgage shed 0.44 percent, Tesco dipped 0.22 percent and Rolls-Royce fell 0.14 percent.

In France, L'Air Liquide plunged 2.33 percent, while BNP Paribas stumbled 1.64 percent, Societe Generale declined 1.45 percent, Credit Agricole sank 0.67 percent, Worldline added 0.60 percent, Sanofi slipped 0.18 percent and Carrefour and Danone were unchanged.

In economic news, the euro area private sector expanded for the sixth straight month in June as sustained increases in manufacturing output coincided with a stabilization of services activity, flash purchasing managers' survey results from S&P Global showed on Monday. The flash HCOB composite output index remained unchanged at 50.2 in June. The index posted above the 50.0 no change mark for the sixth straight month but the pace of growth was marginal.

The UK private sector output picked up at the strongest pace in three months in June after business volume returned to growth, flash survey results from S&P Global showed on Monday. The flash composite output index registered 50.7 in June, up from 50.3 in May. The reading was above the crucial 50.0 no-change value for the second straight month.

Germany's private sector returned to growth in June, led by the manufacturing sector, flash data from S&P Global revealed on Monday. The HCOB composite output index stood at 50.4 in June, rebounding from a five-month low of 48.5 in May.

France's private sector output declined further in June as manufacturers joined services providers in the contraction territory, flash survey results from S&P Global showed on Monday. The HCOB flash composite output index declined to 48.5 in June from 49.3 in the previous month.