Stocks falter as EU-US trade deal rally fizzles out

US President Donald Trump shakes hands with European Commission president Ursula von der Leyen (Jacquelyn Martin/AP) - (AP)

The FTSE 100 gave up early gains to close lower on Monday as an initial positive reaction to the EU-US trade deal was followed by caution ahead of a pivotal week of data, earnings and central bank meetings.

The FTSE 100 index closed down 38.87 points, 0.4%, at 9,081.44. The index had traded as high as 9,169.01.