European stock markets mid session: stocks traded lower as the Chinese stock market declined again

Stock indices traded lower as the Chinese stock market declined again. The Financial Times reported that the Chinese government ended its large-scale share purchase programme.

Meanwhile, the economic data from the Eurozone was positive. The preliminary consumer price inflation in the Eurozone remained unchanged at an annual rate of 0.2% in August, beating expectations for a decline to 0.1%.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco remained unchanged at an annual rate of 1.0% in August.

Food, alcohol and tobacco prices were up 1.2% in August, non-energy industrial goods prices gained 0.6%, and services prices climbed 1.2%, while energy prices dropped 7.1%.

Destatis released its retail sales for Germany on Monday. German adjusted retail sales rose 1.4% in July, beating forecasts of a 1.0% gain, after a 1.0% drop in June. It was the biggest rise since October 2014.

June's figure was revised up from a 2.3% decline.

On a yearly basis, German retail sales jumped 3.3% in July, exceeding expectations for a 1.9% gain, after a 5.2% rise in June. June's figure was revised up from a 5.1% increase.

Sales of non-food products increased at an annual rate of 3.1% in July, while sales of food products climbed by 2.6%.

Current figures:

Name Price Change Change %

FTSE 100 closed

DAX 10,179.32 -119.21 -1.16 %

CAC 40 4,628.52 -46.61 -1.00 %