By Sara Sjolin, MarketWatch
LONDON (MarketWatch) -- European stock markets rebounded on
Monday, with oil firms pushing higher alongside rising energy
prices.
The Stoxx Europe 600 index gained 0.2% to 335.96, after closing
out last week with a 0.5% weekly slide.
France's CAC 40 index rose 0.4% to 4,207.47 on Monday, while
Germany's DAX 30 index picked up 0.2% to 9,311.87. The U.K.'s FTSE
100 index added 0.3% to 6,584.14.
Oil rally: Oil-related companies posted big gains in Europe, as
both crude (CLZ4) and Brent jumped more than 1%. Shares of SBM
Offshore NV picked up 5.4%, Subsea 7 SA added 2.6%, Total SA (TOT)
gained 1.2% and Royal Dutch Shell PLC (RDSB) climbed 0.9%.
Catalan independence vote: Around 80% of voters in the Spanish
region of Catalonia voted in favor of independence in an informal
vote held on Sunday. The poll is nonbinding, but Catalans pointed
to the high turnout and hoped it would bolster their case for a
binding referendum on separating from Spain.
Data: Industrial production fell more than expected in Italy in
September, sliding 0.9% on the month. Economists had expected a
fall of 0.2% according to FactSet consensus estimates. Italy's FTSE
MIB bucked the positive trend across Europe and slipped 0.1% to
19,077.56.
Russian growth: The Bank of Russia cut its growth outlook for
the country, saying it expects the economy to grow by just 0.3%
this year, compared with its previous estimate of 0.4%. In a report
on its monetary policy for 2015-2017, the central bank said it sees
geopolitical issues and external economic conditions as posing
serious risks for Russia's economic and monetary policies.
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more information or to RSVP, send an email to
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