European shares fall as data on economic data

European shares fall as data on economic data

European shares fell on Monday in a cautious trading session after data on business activity was released amid concerns over an economic downturn in the bloc.

Technology and industrial stocks were the biggest drags on the index, as the region-wide STOXX 600 was down 0.2% at 8: 06 a.m. GMT on Monday.

The Purchasing Managers' Index PMI numbers are expected to show that economic activity in the euro zone continued to slow in November, according to the final services forecast at 9 a.m. GMT.

Britain's Vodafone Group said CEO Nick Read would step down at the end of the year and be replaced by finance chief Margherita Della Valle on an interim basis. The mobile operator's shares were up 1.6% in early trade.