European stocks were slightly up on Monday as investors are keeping an eye on earnings announcement in the region.
In the currency market, the single currency fell against the greenback as well as against the safe-haven assets Japanese yen and Swiss Franc to trade at 1.1752, 133.63 and 1.1587 respectively at 16:30 GMT.
The leading European benchmark rose slightly today by 0.16 percent or 0.61 points to close Monday’s session in the green at 390.74 supported by the gains in the sectors of Technology, Utilities, and Basic Materials.
Looking at individual stocks, Boliden’s share added 3.6 percent after the Credit Suisse upgraded its rating from “neutral’ to ‘outperform.” However, the Credit Suisse and Bahrenberg downgraded the stock of IWG; the stock fell by 3 percent today.
Meanwhile, the stock of Securitas added 3.6 percent after the firm reported better than expected earnings; core earnings came in line with expectations.
On the political front, The Spanish government has urged Catalans to accept its decision to dismiss their secessionist leadership amid speculation that the regional President, Carlos Puigdemont, is planning to press ahead with a unilateral declaration of independence. Spain's IBEX slipped 0.6 percent on Monday.
UK’s equities ended today’s session in positive territory where FTSE100 added 0.02 percent or 1.22 points to close the session slightly up at 7,524.45 supported by the gains in Technology and Utilities Sectors.
Looking at individual stocks; GKN rose over 5 percent following a report by The Sunday Times which stated that the U.K. Company was looking into potentially splitting into two listed firms — one business being aerospace and the other being automotive.
In economic data, U.K. business optimism dropped to -2 for the first time in a year during the last quarter, while the expectations were an increase by 2 to 9.
In the currency market, the sterling appreciated against the greenback to trade at 1.3207 at 17:30 GMT.
Moreover, German’s equities were higher today where its leading benchmark DAX30 added 0.09 percent or 11.86 points to settle up at 13,003.14 supported by the gains in Technology and basic Materials sectors.
Looking at specific stocks, Philips firm added 1 percent today as the company reported an increase in its core profits by 12 percent reaching 532 million euros during the last quarter.
Moreover, Software Stock gained 4.85 percent after UBS and Independent Research increased their target prices on the stock.
French equities also rose today where CAC40 gained 0.27 percent or 14.43 points to close the trading session on positive notes at 5,386.81 supported by the gains in all sectors except Financials and Consumer Non-Cyclicals sectors.
Vivendi Stock was the worst performer in today’s session as it fell by 1.61 percent on the back of news that The board of Mediaset has not yet received a draft for a potential agreement with France's media group Vivendi over a failed pay-TV deal.
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