Share your thoughts on our News & Insights section. Complete our survey to help us improve.

European shares open flat as falling mining stocks curb gains

European stock market and funds review – is now a good time to invest?

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

European shares opened flat on Monday as falling shares of mining companies kept gains in check as focus remained on the first round of French parliamentary elections later this week.

The pan-European STOXX 600 held steady at 515.06 points as of 0712 GMT, with basic resources falling close to 1% amid weaker metal prices, while autos led early gains with a 1.2% increase.

The focus will be on the first round of France's parliamentary elections this week with polls showing a lead for the far right National Rally (RN) party and its allies. The French benchmark began the week 0.2% up.

Among other stocks, Germany's Zalando dropped 6.7% after Morgan Stanley cut the online retailer to "equal weight" from "overweight".

Hochtief advanced 6.6% as Jefferies upgraded the German construction firm to "buy" from "hold".

Belgian pharmaceutical company argenx jumped 7.3% after the company said the U.S. FDA approved Vyvgart Hytrulo, a treatment for chronic inflammatory demyelinating polyneuropathy.

(Reporting by Shashwat Chauhan in Bengaluru and Jesus Calero in Gdansk; Editing by Sohini Goswami)

Copyright (2024) Thomson Reuters. Click for restrictions

This article was from Reuters and was legally licensed through the DiveMarketplace by Industry Dive. Please direct all licensing questions to