Europe Shares Edge Higher Ahead Of EU Meeting

European stock markets traded mostly steady at the open on Monday, with a Eurogroup meeting in Brussels expected to take center stage, while investors eye peripheral bond yields. The yield on Spain’s 10-year government bond (ES:10YR_ESP) +0.48% hovered just under the psychologically important 7% level.

The Stoxx Europe 600 index (XX:SXXP) +0.09% was flat at 254.45, with oil stocks weighing on the downside. The German DAX 30 (DX:DAX) -0.0019% and French CAC 40 indices (FR:PX1) +0.23% each rose 0.2% to a respective 6,419.50 and 3,172.02. The FTSE 100 index (FR:PX1) +0.23% rose 0.1% to 5,659.26.

The Spain IBEX 35 index (XX:IBEX) +0.65% rose 0.4% to 6,769 and the Portugal PSI 20 index (PT:PSI20) +0.93% gained 0.7% to 4,773.55.

Source: Market Watch