Europe Markets: European stocks struggle, with drugmakers weaker and Tullow Oil plunging [MarketWatch]
TULLOW OIL PLC UNSP/ADR (TUWOY)
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Source: MarketWatch
European stocks struggle, with drugmakers weaker and Tullow Oil plunging European stocks struggled on Monday, as investors looked set to pause after gains late last week driven by better-than-expected U.S. jobs data. The U.K. election and some big central bank meetings will be the main themes this week, as U.S.-China trade talks remain in the spotlight ahead of the Dec. 15 deadline for the next round of tariffs on Chinese goods. The Stoxx Europe 600 SXXP, +0.03% fell 0.2% to 406.62. The index closed up 1.2% on Friday, triggered by data showing the biggest gain in U.S. jobs since January. Last week as a whole, the Stoxx barely changed, but remains up just over 20% for the year-to-date. The U.K. FTSE 100 UKX, -0.10% dipped 0.2% to 7,221.38. Keeping a lid on that index, the British pound GBPUSD, +0.2283% continued to trend higher as weekend polls indicated Prime Minister Boris Johnson and his Conservative Party will have a strong outcome in this week’s general election. A strong
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