European stocks were slightly lower Monday after the ECB did not announce any aggressive bond purchasing program, reports Sara Sjolin for The Wall Street Journal. [Spain ETF at Summer High on Bailout Hopes]

“After the recent rally we are now coming to a state where there’s a little bit of uncertainty about whether to follow through with the rally,” Predrag Dukic, senior equity sales trader at CM Capital Markets, said in the WSJ article. “We’ve seen some profit-taking this morning and people are waiting to see what happens next.”

Vanguard European ETF

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Max Chen contributed to this article.