European shares retreated on Monday after striking a record closing high in the ...
- European shares retreated on Monday after striking a record closing high in the previous session, as investors paused before launching into a week packed with economic data and the European Central Bank’s first policy meeting of the year.
Market activity was thin on Monday on account of the Martin Luther King Jr. holiday in the United States, with Asian shares hovering near 20-month highs. “Markets increasingly think that we have seen the bottom regarding the industry so if the PMIs would surprise on the downside, that would be a risk to market sentiment,” said Teeuwe Mevissen, senior market economist at Rabobank.
Among individual movers, German genetic testing company Qiagen rose 4% to the top of the STOXX 600 index after a report the firm was talking to an interested party about a possible acquisition.
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