European stock markets were choppy Monday, with investors keeping an eye on debt ceiling talks in the United States and the results of the Greek election.
The pan-European Stoxx 600 were flat in afternoon trading after marginal gains through the morning.
European markets
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 7768.18 | 11.31 | 0.15 |
| .GDAXI | DAX | 16224.37 | -51.01 | -0.31 |
| .FCHI | CAC 40 Index | 7469.75 | -22.21 | -0.3 |
| .FTMIB | FTSE MIB | 27261 | -259.33 | -0.94 |
| .IBEX | IBEX 35 Idx | 9303.3 | 51.8 | 0.56 |
Germany’s DAX index slipped from Friday’s record close, shedding 0.3%.
In Greece, the Athens General Composite Index
rocketed up 6.5% after the ruling conservative party, New Democracy, secured a firm lead in elections on Sunday. Talks will now begin over the formation of a coalition government as it fell just short of a parliamentary majority.
Sectors were mixed, with retail up 0.5% as mining stocks dropped 0.3%.
Federal leaders are expected to continue with negotiations on the U.S. debt ceiling on Monday as the country approaches a potential default, with President Joe Biden and House Speaker Kevin McCarthy scheduled to meet at the White House.
On Sunday, U.S. Treasury Secretary Janet Yellen said “hard choices” will need to be made about which bills will go unpaid if the debt ceiling is not raised and reaffirmed her warning that the United States could default on its debt as early as June 1.
Asia-Pacific markets mostly rose as stocks in Tokyo extended a rally, while U.S. stocks moved higher.
Source: Consumer News Business Channel
