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European shares pause, oil higher

Published 10/12/2015, 10:30 AM
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Investing.com - European shares paused on Monday after their strong start to the fourth quarter while the dollar dipped towards three-week lows, with investors unconvinced the U.S. Federal Reserve would raise interest rates this year.

Investors were looking ahead to quarterly earnings reports from the financials sector later in the week.

Anheuser-Busch Inbev SA (N:BUD) made a fresh approach to SABMiller (L:SAB) with an improved offer on Monday, while computer maker Dell said it had agreed to buy data storage company EMC Corp (N:EMC) in a record $67 billion tech deal.

In commodity markets,oil prices rose after Kuwait's oil minister said positive signs regarding global economic growth and a market exit by high-cost producers could help buoy oil prices in 2016.

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