Investing.com – European stocks were mostly up on Monday, recovering from Friday’s losses, although trading remained subdued with both the London Stock Exchange and Wall Street closed for holidays.
During European morning trade, the EURO STOXX 50 was up 0.21%; France’s CAC 40 rose 0.12%; and Germany's DAX advanced 0.32%.
But Spain’s IBEX bucked the trend, shedding 0.70% after Fitch Ratings decided, after the close of European trade on Friday, to downgrade the country’s sovereign debt rating, saying that the Spanish debt burden was likely to weigh on growth.
Earlier Monday, the Federal Reserve Bank of Chicago President, Charles Evans, speaking in Seoul, indicated that the euro zone debt crisis will prompt the U.S. central bank to delay raising interest rates.
In the United States, Wall Street was closed on Monday for the Memorial Day holiday, while in the United Kingdom the markets were also closed for the Spring Bank Holiday.
Also Monday, the U.S. and EU central bank chiefs spoke of the importance of emerging economies in securing the global economic recovery.
During European morning trade, the EURO STOXX 50 was up 0.21%; France’s CAC 40 rose 0.12%; and Germany's DAX advanced 0.32%.
But Spain’s IBEX bucked the trend, shedding 0.70% after Fitch Ratings decided, after the close of European trade on Friday, to downgrade the country’s sovereign debt rating, saying that the Spanish debt burden was likely to weigh on growth.
Earlier Monday, the Federal Reserve Bank of Chicago President, Charles Evans, speaking in Seoul, indicated that the euro zone debt crisis will prompt the U.S. central bank to delay raising interest rates.
In the United States, Wall Street was closed on Monday for the Memorial Day holiday, while in the United Kingdom the markets were also closed for the Spring Bank Holiday.
Also Monday, the U.S. and EU central bank chiefs spoke of the importance of emerging economies in securing the global economic recovery.