European stocks are intact in muted trade with China, Britain and US closed

European stocks are intact in muted trade with China, Britain and US closed

On Monday, European equities stood still because stock markets were unavailable for holidays in Great Britain, China and America.

The Euro Stoxx 50 inched up 0.12%, French CAC 40 acquired 0.03% and while German DAX 30 jumped 0.09%.

The common currency grew 0.02% versus the greenback, while the greenback sagged 0.25% versus the pound.

With the London Stock Exchange unavailable for a holiday, Madrid-listed stocks of BA’s parent company IAG went down 3%.

Meanwhile, crude swung between losses and revenues in EU trading on Monday because the market weighed ascending American drilling versus efforts by key producers to drop output to tame a global glut.

On Friday, data from energy services company Baker Hughes revealed that American drillers added rigs for the 19th week in a row, which appears to be the longest streak on record. It feels like further profits in domestic output are ahead.

 

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