Investing.com - European stock markets were mixed on Monday, ahead of a meeting between European finance ministers in Brussels to discuss the outcome of Greece’s latest debt talks with private creditors.
During European morning trade, the EURO STOXX 50 eased 0.04%, France’s CAC 40 advanced 0.11%, while Germany’s DAX 30 fell 0.40%.
On Sunday, Greece’s creditors said they had reached their maximum offer for a voluntary debt swop and said it was now up to the European Union and the International Monetary Fund to agree on whether they can accept the deal.
EU finance ministers were to meet in Brussels later in the day to discuss the terms of the debt restructuring package, which is a precondition for Athens to receive its next tranche of bailout funds.
Financial stocks were broadly higher, led by Italy’s Unicredit with shares surging 6.22% and Intesa Sanpaolo climbing 2.82%.
French lenders Societe Generale and BNP Paribas also added to gains with shares jumping 3.89% and 1.18%, while German Deutsche Bank and Commerzbank advanced 1.46% and 4.30%.
Elsewhere, Outokumpu Oyj, Finland’s biggest producer of stainless steel, soared 11.36% as it held discussions that may lead to a merger with a unit of ThyssenKrupp AG, Germany’s largest steelmaker.
In London, FTSE 100 advanced 0.32%, as U.K. lenders tracked their European counterparts higher.
The Royal Bank of Scotland surged 2.55% and Lloyds Banking climbed 1.21%, while shares in HSBC Holdings and Barclays added 0.92% and 0.74% respectively.
The energy sector was also on the upside as shares in British Petroleum climbed 1.08%, while mining giants Rio Tinto and Bhp Billiton rose 0.52% and 0.32%.
Meanwhile, Thomas Cook slid 3.33% after the Financial Times reported the company’s bookings in the first half of January fell 33% compared with the same period last year.
In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a fall of 0.16%, S&P 500 futures signaled a 0.32% decline, while the Nasdaq 100 futures indicated a 0.22% loss.
Financial markets in China, Hong Kong, South Korea, Taiwan and Singapore were closed to welcome in the Chinese Year of the Dragon.
During European morning trade, the EURO STOXX 50 eased 0.04%, France’s CAC 40 advanced 0.11%, while Germany’s DAX 30 fell 0.40%.
On Sunday, Greece’s creditors said they had reached their maximum offer for a voluntary debt swop and said it was now up to the European Union and the International Monetary Fund to agree on whether they can accept the deal.
EU finance ministers were to meet in Brussels later in the day to discuss the terms of the debt restructuring package, which is a precondition for Athens to receive its next tranche of bailout funds.
Financial stocks were broadly higher, led by Italy’s Unicredit with shares surging 6.22% and Intesa Sanpaolo climbing 2.82%.
French lenders Societe Generale and BNP Paribas also added to gains with shares jumping 3.89% and 1.18%, while German Deutsche Bank and Commerzbank advanced 1.46% and 4.30%.
Elsewhere, Outokumpu Oyj, Finland’s biggest producer of stainless steel, soared 11.36% as it held discussions that may lead to a merger with a unit of ThyssenKrupp AG, Germany’s largest steelmaker.
In London, FTSE 100 advanced 0.32%, as U.K. lenders tracked their European counterparts higher.
The Royal Bank of Scotland surged 2.55% and Lloyds Banking climbed 1.21%, while shares in HSBC Holdings and Barclays added 0.92% and 0.74% respectively.
The energy sector was also on the upside as shares in British Petroleum climbed 1.08%, while mining giants Rio Tinto and Bhp Billiton rose 0.52% and 0.32%.
Meanwhile, Thomas Cook slid 3.33% after the Financial Times reported the company’s bookings in the first half of January fell 33% compared with the same period last year.
In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a fall of 0.16%, S&P 500 futures signaled a 0.32% decline, while the Nasdaq 100 futures indicated a 0.22% loss.
Financial markets in China, Hong Kong, South Korea, Taiwan and Singapore were closed to welcome in the Chinese Year of the Dragon.