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Stock indices traded lower after the weaker-than-expected economic data from Germany. German Ifo business climate index fell to 103.2 in October from 104.7 in September, missing expectations for a decline to 104.6. That was the lowest level since December 2012.
Eurozone's adjusted M3 money supply climbed 2.1% in September, exceeding expectations for a 2.2% increase, after a 2.1% gain in August. August's figure was revised up from a 2.0% rise.
Eurozone's private loans fell 1.2% in September, beating forecasts of a 1.3% decrease, after a 1.5% drop in August.
The European Central Bank said on Sunday that 25 banks failed due to a capital shortfall and 13 banks have to raise an additional €10 billion in capital. Most banks have already taken steps to solve their problems.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,363.46 -25.27 -0.40%
DAX 8,902.61 -85.19 -0.95%
CAC 40 4,096.74 -32.16 -0.78%
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