European equities closed Monday’s session in mixed territory as investors were monitoring the comments by Donald Trump in Asia.
The single currency fell against the greenback to trade at 1.1595 at 16:45 GMT, also EUR has dropped against the safe-haven assets Japanese yen and Swiss Franck to trade at 132.11 and 1.1580 respectively at 16:45 GMT.
The primary European benchmark added 0.18 percent or 0.73 points to close the session on positive notes at 396.79 supported by the gains in Technology, Energy and Utility sectors.
As investors are predicting that the demand for nickel and copper will rise, Basic resources stocks rose by over 1 percent on Monday. Also, Goldman Sachs raised its forecast for a nickel.
Looking at individual shares, SBM Offshore sank by 12.6 percent after announcing a provision of $238 million to settle a U.S. probe related to "improper sales practice," Vopak also fell by 5 percent after missing its third-quarter profit target and thus lowering its earnings forecast for 2017.
U.S president started his trip to Asia in Japan on Monday’ he said that he wants to improve the trade with the country.
UK shares were flat on Monday as FTSE100 added only 0.03 percent or 1.93 points to settle at 7,562.28 as the gains in Basic Materials, Energy and Utility sectors pushed the shares up while the losses in Financials, Industrials and Consumer Non-Cyclicals have limited FTSE’s gains.
The sterling dropped against the greenback at 1.3135 at 16:45 GMT, also the sterling rose against the single currency where EURGBP fell to trade at 0.8820.
Looking at individual stocks, ConvaTec was among those at the top of the Stoxx 600, up by more than 4 percent. This after the shares dropped as much as 18 percent Friday following reports it could buy further distributors in the U.S. despite a profit warning last month.
German’s equities dropped slightly today where its leading benchmark fell by .07 percent or 10.07 points to settle down at 13,468.79 as the losses in Telecommunication Services, and Consumer cyclicals have weighed on the shares.
Deutsche Telekom, which owns T-Mobile, was down 3.4 percent on the back of news that Sprint and T-Mobile called off their merger after several months of talks.
French shares were down today as primary French Benchmark CAC40 tumbled by 0.19 percent or 10.72 points to close today’s trading session in red territory at 5507.25 pressured by the losses in Financials, Basic Materials, and Industrials sectors.
Societe Generale was the biggest loser as its share fell by 3.65 percent, as several brokers cut their price targets on the stock.
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