LONDON ( The Deal) -- Negative news on the economy from Asia weighed on European stock indices on Monday, dampening the euphoria generated on Friday by strong U.S. jobs figures.
In China, official statistics showed that imports unexpectedly fell 6.7% in November, compared with 4.6% growth the month before, while exports rose a below-forecast 4.7%.
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In Japan, revised third-quarter GDP figures showed the economy contracted 1.9% year on year, more than the 1.6% shrinkage previously announced. The revised figures come before national elections on Dec. 14, which Prime Minister Shinzo Abe called last month after the economy slipped into recession. Also on Monday the Reuters Tankan index showed confidence among Japanese manufacturers is falling.
In the eurozone, however, the Sentix index of investor confidence painted a better-than-expected picture of the outlook.
In London, the FTSE 100 was down 0.68% at 6,696.67. In Frankfurt, the DAX slipped 0.35% to 10,051.32. In Paris, the CAC 40 eased off 0.58% to 4,394.01.
Fund manager Hargreaves Lansdown (HRGLY) led the FTSE 100 lower, falling more than 5%, as investors digested Friday's news that CFO Tracey Taylor had resigned and that the company had made the unusual move of hiring an interim replacement from outside.
Food retailer J Sainsbury (JSAIY) was up more than 1% after the Sunday Telegraph reported that activist investor Crystal Amber was attempting to drum up interest among other activists to buy stock in the company and engineer either a bid or property selloffs.