Europe stocks lower on Italy downgrade

Stocks in Europe pulled lower on Monday as investors took in Chinese data that gave off some weaker economic signals, while a downgrade for Italy at the end of last week weighed on peripheral markets.

Banks were on the back foot as investors took in Friday’s downgrade of Italy’s sovereign- credit rating to BBB-plus from A- minus. Fitch cited an inconclusive outcome from last month’s parliamentary elections, which the ratings firm said will complicate an already deep recession.


Market Watch