Europe stocks open lower, led by DAX 30
MADRID (MarketWatch) -- European stock markets opened lower on Monday, with German stocks leading the negative direction, with autos such as Volkswagen AG , down 2.3%, among the decliners after data showed weakness in China's service sector. The Stoxx Europe 600 index 0.5%, tracking losses in Asia. The German DAX 30 index fell 1.3% to 5,971.85 to 233.94. The French CAC 40 index fell 0.4% to 2,937.07 and the Spain IBEX 35 index fell 0.4% to 6,037.70. London stocks are closed for two days owing to the Queen's Diamond Jubilee.