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European Markets Mixed After a Downbeat Week; Philips Up 4%

LONDON — European markets were mixed Monday after a downbeat string of sessions last week.

The pan-European Stoxx 600 index was flat in early afternoon trade, with sectors spread across negative and positive territory. Retail stocks, financial services and telecoms were each up 0.3%, while mining stocks were down 1.3%.


.FTSEFTSE 1007483.54-40.62-0.54
.FCHICAC 40 Index7328.48-11.71-0.16
.FTMIBFTSE MIB28417.7142.960.51
.IBEXIBEX 35 Idx9428.6-5.7-0.06

UBS announced Friday it ended a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc public liquidity backstop originally put in place by the Swiss government when the bank took over rival bank Credit Suisse in March. UBS shares ended the day around 4.7% higher.

Asia-Pacific markets largely fell on Monday, dragged by basic materials and consumer cyclical stocks. U.S. stock futures rose slightly on Sunday evening as Wall Street looked to shake off a rough start to August.

Source: Consumer News Business Channel



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