European Stocks Tread Water in Light Trading as UK, US Closed [Financial Post (Toronto, Ontario, Canada)]
JULIUS BAER GRP UNSP/ADR (JBAXY)
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — European stocks were largely flat in a light trading day with markets in the UK and US closed for holidays. The Stoxx 600 Index was little changed by 8:25 a.m. in London, with auto and energy stocks faring best, while technology shares were the biggest decliners. Article content Among individual movers, EFG International AG rallied 4.6%, following a Bloomberg news report after market close Friday that Julius Baer Group Ltd. is exploring a potential acquisition of its rival Swiss private bank. Julius Baer slipped 0.8%. Article content Europe's better-than-feared earnings season has provided support for an historic stock rally, but investors' focus may now shift to a still uncertain macro picture. The advance in equities also slowed as questions over the pace and size of interest rate cuts mounted, as the higher-for-longer narrative settles. READ: Not Everyone Is Bull
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