European equity markets
closed lower on Monday led by UniCredi SpA after Merkel-Sarkozy meeting.
Although Merkel emphasized the progress reached in talks she also admitted
Greece must implement its debt reduction soon otherwise it will not receive the
second bailout package. Stoxx Europe 600 index lost 0.5% or 1.11 points
and settled at 246.42, while French CAC 40 index dropped 0.3% or 9.67
points to 3,127.69. Both UK's FTSE 100 index and German DAX 30
index declined 0.7% to 5,612.26 and 6,017.23 respectively.