European Markets closes mostly up; RBS soars 6.8% while Unilever plunges 6.5%

European Markets

European markets closed mostly higher on Monday, after investors digested a number of earnings and economic data, while still wary for any more details from the economic policies of U.S. President Donald Trump.

The pan-European STOXX 600 closed up 0.22 percent, after faltering during afternoon trade.

German’s DAX was leading when it came to major bourses, finishing up 0.6 percent, while the FTSE 100 of the U.K. closed little changed and the CAC 40 of France lost 0.05 percent.

One of the best performers in Europe was Telecoms, finishing up 1.14 percent on Monday.

RBS sped past other stocks as the best performing stock of the STOXX 600 soaring 6.8 percent after it threw away its plans to sell Williams and Glyn.

Unilever plunged to the bottom of the STOXX 600 closing down 6.56, after news on Sunday that Kraft Heinz had withdrawn its bid.

Other U.K property stocks performed poorly during the session with Berkeley Group, Barratt Development and Taylor Wimpey all closing in negative territory.

After reporter larger-than-expected earnings for the fourth quarter, plastics maker Convestro said on Monday that it intended to divest. Shares of the company lost more than 4 percent.

According to a monthly report from CBI, manufacturers in the United Kingdom saw their order books grow at their strongest pace in over two years in February. The industry survey found that the decline in the value of the pound since the Brexit referendum vote had caused prices to surge up,

Euro area finance ministers were meeting in Brussels to talk about the Greek bailout program on Monday. U.S. Vice President Mike Pence, addressed senior officials in Belgium to reiterate the new administration was looking to deepen the relationship between the United States and the European Union.

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