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Stock indices traded lower due to profit-taking. European markets advanced last week as the European Central Bank (ECB) lowered its interest rate to 0.05% from 0.15%, and the ECB President Mario Draghi said the central bank will start buying asset-backed securities, including covered bonds. Details of the asset-backed securities (ABS) program will be announced later.
Germany's trade surplus jumped to €22.2 billion in July from €16.4 billion in June, exceeding expectations for a surplus €17.3 billion. June's figure was revised up from a surplus of €16.2 billion.
The Sentix investor confidence index for the Eurozone dropped to -9.8 in September from 2.7 in August, missing forecasts of an increase to 3.2. That was the lowest level since July 2013.
Scotland's independence referendum weighed on British markets. A weekend poll showed 47% said "yes" to independence, while 45% said "no", with the rest undecided. That was the first time lead for "yes" campaign.
Electrolux AB shares rose 6.4% after purchasing General Electric Co.'s appliance unit.
Name Price Change Change %
FTSE 100 6,787.9 -67.20 -0.98%
DAX 9,736.66 -10.36 -0.11%
CAC 40 4,471.91 -14.58 -0.32%
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