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Europe's STOXX 600 ends higher as bank stocks cushion oil price hit
Europe’s equity benchmark rose on Monday, kicking off a busy week on a strong note as a surge in bank shares helped absorb the hit from higher oil prices. The pan-European STOXX 600 index closed 0.65% higher at 635.65 points, posting its second consecutive day of gains. After weeks of being swayed by broader economic factors such as crude prices and bond yields, investors are expected to zero in on corporate earnings this week. Strong results could dispel the gloom following renewed tensions in the Middle East. However, France’s LVMH reported worse-than-expected third-quarter organic sales gro...
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