Investing.com - European stocks were mixed on Monday, as markets continued to digest the U.K.’s decision to leave the European Union, which sent global equity markets tumbling on Friday.
During European morning trade, the EURO STOXX 50 rose 0.37%, France’s CAC 40 eased 0.08%, while Germany’s DAX 30 inched up 0.02%.
The U.K. voted by nearly 52% to 48% on Thursday to break away from the world's biggest trading bloc.
British Prime Minister David Cameron, who had backed the failed Remain campaign, stepped down after the final referendum result was announced.
Following the vote, the Bank of England said it was ready to pump £250 billion to aid the smooth running of markets, declaring it will take "all necessary steps" to ensure financial and monetary stability.
Central banks from the G7 group also said in a joint statement that they were prepared to provide additional liquidity to markets as needed.
Financial stocks were mixed after Citigroup (NYSE:C) warned that banks were one of the most exposed sectors to Brexit. French lenders Societe Generale (PA:SOGN) and BNP Paribas (PA:BNPP) declined 0.35% and 1.29%, while Germany’s Commerzbank (DE:CBKG) and Deutsche Bank (DE:DBKGn) slid 0.32% and 2.23%.
However, among peripheral lenders, Italy’s Intesa Sanpaolo (MI:ISP) and Unicredit (MI:CRDI) gained 0.29% and 2.12% respectively, while Spanish banks Banco Santander (MC:SAN) and BBVA (MC:BBVA) surged 3.28% and 4.05%.
Elsewhere, Lufthansa AG VNA O.N. (DE:LHAG) was down 1.60% even after CEO Carsten Spohr said the impact of the Brexit vote will be limited. The comments came as investors worried that the impact of Brexit would be damaging to international airlines that serve the U.K.
In London, FTSE 100 declined 0.30%, led by cruise company Carnival (LON:CCL) Plc, whose shares dove 11.26%.
EasyJet PLC (LON:EZJ) plummeted 10.81% after Citigroup cut its target price for the stock.
Financial stocks were also on the downside, as Lloyds Banking (LON:LLOY) lost 3.39% and Barclays (LON:BARC) plummeted 5.59%, while the Royal Bank of Scotland (LON:RBS) sank 6.75%. HSBC Holdings (LON:HSBA) overperformed howver, with shares advancing 0.46%.
Meanwhile, mining stocks were broadly higher on the commodity-heavy index. Antofagasta (LON:ANTO) jumped 1.44% and Anglo American (LON:AAL) rallied 2.53%, while Randgold Resources (LON:RRS) surged 4.00% and 4.04% respectively.
In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.02% uptick, S&P 500 futures a 0.04% gain, while the Nasdaq 100 futures indicated a 0.01% dip.