Author: Elena Todorova
123jump.com
Last Update: 1:46 PM EDT June 04 2007

European stock markets closed lower Monday, pressured by weakness in the financial-services sector and utility companies such as E.On. Another plunge of the Chinese stock prices also weighed on sentiment. Utilities were among the most notable decliners, with shares of E.On falling 1.8%, RWE losing 0.6%, and Gaz de France falling 1.4%. The French CAC-40 dropped 0.7%, the U.K.''s FTSE 100 slipped 0.2%, and the German DAX Xetra ended down 0.1%.