(Reuters) – Europe’s benchmark stock index opened decrease on Monday with deal with Brexit negotiations, however was nonetheless on observe for its greatest month on report on the prospect of easing coronavirus restrictions and hopes for a COVID-19 vaccine.
After face-to-face talks restarted on Saturday, buyers await information of a name between UK Prime Minister Boris Johnson and EU Fee president Ursula von der Leyen, seen as the primary signal of motion both in direction of a commerce deal or of talks crumbling 5 weeks forward of the deadline.
London’s FTSE 100 slipped 0.3%, whereas the pan-European STOXX 600 index fell 0.5% after 4 weeks of beneficial properties which have seen it rise practically 15% up to now in November.
Oil and fuel stocks had been the largest decliners in Europe, down 2%, with BP and Royal Dutch Shell sliding as crude costs fell forward of a gathering of producer group OPEC+ to determine whether or not to increase giant output cuts to steadiness international markets. [O/R]
(Reporting by Susan Mathew in Bengaluru; Enhancing by Shounak Dasgupta)