Europe stocks waver; Swatch, oil firms rise
LONDON (MarketWatch) — European stock markets traded mixed in early action on Monday, with investors focusing on the latest earnings reports from the region and oil firms pushing higher. The Stoxx Europe 600 index rose 0.1% to 288.34, with heavyweight oil firms on the rise. Shares of BG Group PLC gained 1.1%, while Total SA inched 0.3% higher. Shares of Swatch Group AG added 3%, after the luxury-watch firm reported a 26% rise in full-year profit. Shares of Suez Environnement SA jumped 4.2% after a broker upgrade, while shares of Hugo Boss AG lost 1.5% after a broker downgrade. Among country-specific indexes, the U.K.’s FTSE 100 index fell 0.2% to 6,337.36 and Germany’s DAX 30 index was slightly higher at 7,834.74. France’s CAC 40 index rose 0.1%.
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