Europe's main stock markets fell on Monday, as Turkish shares slumped
on political uncertainty in the country following elections, offsetting
support for the alcoholic drinks and banking sectors.
Markets
were also tracking the latest developments surrounding Greece's standoff
with the European Union over its bailout repayments, as well as
comments out of the Group of Seven summit in Germany.
Frankfurt's DAX 30 index slid 0.67% to stand at 11 121.78 points in afternoon deals and the CAC 40 in Paris shed 0.82% to 4 880.41.
London's benchmark FTSE 100 dipped 0.08% to 6 799.16 points compared with Friday's close.
The euro rose to $1.1136 from $1.1115 late on Friday in New York. Profit taking set in after the dollar had rallied ahead of the weekend following robust US jobs data that increased the prospect of an interest rate rise from the Federal Reserve later this year.
A US official on Monday meanwhile disputed a French source's account that President Barack Obama had told his allies at a G7 summit the strong dollar posed a "problem".
Fears over Greece's finances have weakened the euro sharply in the last four months, with the single European currency trading at close to parity with the dollar in May.
Frankfurt's DAX 30 index slid 0.67% to stand at 11 121.78 points in afternoon deals and the CAC 40 in Paris shed 0.82% to 4 880.41.
London's benchmark FTSE 100 dipped 0.08% to 6 799.16 points compared with Friday's close.
The euro rose to $1.1136 from $1.1115 late on Friday in New York. Profit taking set in after the dollar had rallied ahead of the weekend following robust US jobs data that increased the prospect of an interest rate rise from the Federal Reserve later this year.
A US official on Monday meanwhile disputed a French source's account that President Barack Obama had told his allies at a G7 summit the strong dollar posed a "problem".
Fears over Greece's finances have weakened the euro sharply in the last four months, with the single European currency trading at close to parity with the dollar in May.
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