European stock markets’ gains fade on Monday

European stock markets ended higher on Monday but pared earlier gains driven by vaccine hopes and a flurry of M&A activity.

Investors will hear from the U.S. Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ) in the upcoming days in a busy week for central bank meetings.

The table below demonstrates the performance of major European stock markets:

Stoxx Europe 600 rose 0.2%
German stock index – DAX dropped 0.1%
French stock index – CAC 40 advanced 0.4%
UK stock index – FTSE 100 lost 0.1%
Italy’s stock index – FTSE MIB slipped 0.14%
Spain’s stock index – IBEX 35 added 0.11%
Russia’s stock index – IMOEX hiked 0.61%