European stocks pared earlier losses and rebounded from their worst week in a month, as investors weighed increasing violence in Ukraine.
The Stoxx Europe 600 Index gained 0.2% to 329.57, paring earlier declines of as much as 1%. The gauge lost 3.1% last week.
European officials weighed expanding sanctions against Russia over Ukraine as armed separatists in the eastern part of that nation ignored a deadline to free official buildings they’ve occupied. Russian Foreign Minister Sergei Lavrov denied his country is involved. At least one serviceman was killed in eastern Ukraine over the weekend.
Euro-area data showed industrial production climbed 0.2% in February after remaining unchanged the previous month. Economists had forecast a 0.2% rise.
In the U.S., retail sales rose 1.1% last month after gaining 0.7% in February, according to a Commerce Department report. The median economist forecast called for a 0.9% increase.
National benchmark indexes fell in 10 of 18 western-European markets:
Greece’s ASE Index dropped 3.4% for an eighth straight day of losses, the longest streak since April 2012. The gauge surged 16% through April 2, beating the 2.6% increase for the Stoxx 600.
National Bank of Greece slumped 12%, the most since June. The country’s biggest lender is planning to increase its share capital by as much as 2.1 billion euros after the national regulator’s stress test identified a shortfall, according to a person with knowledge of the matter. National Bank said last week that it would address its capital needs without raising new equity.
PSA Peugeot Citroen slid 6.4% after saying it will cut its model lineup by almost half.
Kuehne & Nagel International AG lost 2.8% after the world’s biggest sea-freight forwarder reported first-quarter sales that missed estimates.
Symrise AG dropped 2.3% after offering to buy Diana Group. Glencore Xstrata Plc rose 1.9% after selling its stake in the Las Bambas copper mine in Peru.
TomTom NV, a maker of navigation devices, declined 3.9% after UBS recommended selling the shares, citing valuations again.
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