European markets declined Monday.
The FTSE Eurofirst 300 dropped 0.91 percent to 1,586.36.
Madrid’s IBEX fell 0.48 percent to 15,187.5, while the CAC-40 was down 0.62 percent to 5,807.44 in Paris and Frankfurt’s Dax was 0.89 percent lower to 7,969.47.
The best performer on the CAC-40 was luxury goods manufacturer LVMH (Euronext: MC), which added 2.55 percent to €87.68 after it reported sales up by 8 percent in the past 9 months.
Utilities were also higher.
EDF (Euronext: EEN) gained 0.3 percent to €77.75, while RWE (FWB: RWE) added 0.37 percent to €89.69 and Eon (FWB: EOA; LSE: EON; NYSE: EON) was up 0.77 to 129.15 for the best performance on the Dax.
Gaz De France (Euronext: GAZ) was 0.82 percent higher to €38.15 while Suez (Euornext: SZE; NYSE: SZE) added 0.89 percent to €42.93.
In the oil sector, Total (Euronext: FP; NYSE: TOT) gained 1.51 percent to €56.43.
Peugeot (Euronext: UG; OTC: PEUGY) turned in the worst performance on the CAC-40 as it dropped 3.7 percent to €57.85, while Renault (Euronext: RNO) was down 2.06 percent to €108.14.
In the related tire making sector, Michelin (Euronext: ML) fell 2.9 percent to €96.83.
Airlines also saw declines.
Lufthansa (FWB: LHA) was 1.74 percent lower to €20.86 while Air France (Euronext: AF; NYSE: AKH) dropped 2.19 percent to €27.20.