European
stocks closed lower Monday, swaying between small gains and losses and
tracking moves in the U.S. dollar and oil prices.
The Stoxx Europe 600 finished down a narrow 0.3% at 340.82.
In
the commodities space, mining shares were hurt, with Sweden’s Boliden
AB losing 5% and platinum producer Anglo American off 1.1%. Industrial
miner ArcelorMittal SA gave up 4%.
Oil
prices traded higher after showing choppy action earlier, with pressure
coming after data on Friday showed the first increase in the number of
active U.S. oil-drilling rigs in 13 weeks.
Shares of oil producer Tullow Oil PLC closed down 1.4% and oil-field services provider Seadrill Ltd. shed 6.3%.
Elsewhere
in the European market, Telecom Italia SpA shares climbed 3.1% after
the company said it is set to part ways from Chief Executive Marco
Patuano. That follows clashes over strategy after France’s Vivendi SA
took a near 25% stake last year.
Indexes:
Germany’s DAX 30 closed down less than 0.1% at 9,948.64. France’s CAC
40 shed 0.8% to 4,427.80, while the U.K’s FTSE 100 finished 0.1% lower
at 6,148.58.
Source: Marketwatch
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