European Stocks Close Marginally Lower

European stocks closed marginally lower, weighed down by losses in technology stocks. The pan-European Stoxx600 fell 0.2 percent at the close, ending a three-day winning streak. The technology index fell 1.2 percent, the biggest percentage decline among the Stoxx's major sectors after rising about five percent last week. On the other hand, retail stocks were the biggest gainers, rising 0.9 percent, helped by a 3.1 percent rise in H and M. Among individual stocks, France's Rexel jumped 9.1 percent after the Paris-listed group rejected a $9.4 billion takeover offer from QX. In turn, shares of France's Worldline plunged 15.2 percent, extending losses from Friday, when the payments group said its long-time chief executive Gilles Grabinet would leave and issued its third profit warning. Source: Qatar News Agency