Market Update
Stocks in Europe were lower in early trade Monday, as investors analyzed the finer details of the European rescue plan passed last week and as a stronger U.S. dollar, following Japan's intervention to weaken the yen, pressured equities and commodities.
At the time of writing, the FTSE was 0.7% lower in Britain, while France's CAC and Germany's DAX were off 1.5% and 1%, respectively.
Miners witnessed selling after metal prices moved lower in the commodities market: BHP Billiton, Rio Tinto and Xstrata declined between 3.2% and 2.6%.
Banks were lower, too, along with the broader market with BNP Paribas, Credit Agricole, Deutsche Bank and Societe Generale losing 1.9% to 3.5%. But Barclays jumped 4.4% after the financial-services firm posted robust quarterly earnings.