European stock prices were little changed on Monday after London and Paris stock indexes hit record highs last week.
The US dollar rose against other major currencies as the prospect of further interest rate hikes rose. Oil prices also rose.
“With no trading in US markets due to President’s Day, it has been a quiet session for markets in Europe,” said CMC Markets analyst Michael Hewson.
The London Stock Exchange’s FTSE 100 index exceeded 8,000 points for the first time in its history last week. This happened shortly before the CAC 40 index of the Paris Stock Exchange also rose to a new record.
Investors await the publication of the minutes of the US Federal Reserve’s (FRS) policy-setting meeting to gauge the extent to which the FRS will continue to raise interest rates.
The US stock market indices “Dow Jones Industrial Average”, “Standard & Poor’s 500” and “Nasdaq Composite” did not change on Monday, as it was a holiday in the country – President’s Day.
London’s FTSE 100 rose 0.1% to 8,014.31 on Monday, Frankfurt’s DAX 30 fell less than 0.1% to 15,477.55 and Paris’ CAC 40 fell 0.2% up to 7335.61 points.
WTI crude oil rose 0.1% to $76.42 a barrel in electronic trading on the New York Stock Exchange on Monday. “Brent” crude oil price on the London Stock Exchange rose by 0.1% to 83.12 dollars per barrel.
On the Dutch stock exchange “Title Transfer Facility” (TTF), the price of natural gas increased by 1.69% to 49.87 euros per megawatt hour on Monday.
The euro was down from $1.0697 to $1.0686 per euro on Monday, the British pound was down from $1.2045 to $1.2035 per pound, and the dollar was down from 134.17 against the Japanese yen. to 134.07 yen per dollar. The euro rose against the British pound from 88.79 to 88.80 pence per euro.
