Europe Stocks Lower; Philips Gains After Results

European stock markets traded lower early Monday, with oil stocks leading south. Industrial conglomerates, such as Philips Electronics NV rose 3.3% after posting third-quarter results.

The Stoxx Europe 600 index fell 0.2% to 273.45, while the German DAX 30 index eased 0.2% to 7,365.96. The French CAC 40 index fell 0.3% to 3,494.94 and the FTSE 100 index fell 0.3% to 5,880.73.

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