Oil bounce lifts energy, STOXX muted
STOXX 600 unchanged
Crude oil rebounds
China cuts key lending rates
Wall St futures
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OIL BOUNCE LIFTS ENERGY, STOXX MUTED
European shares got off to a muted start to the week on Monday, with gains across energy stocks helping major benchmarks shake off initial weakness.
The region's oil and gas stocks .SXEP rose over 1% as crude prices bounced back following an over 7% slide last week on worries over demand in China and easing concerns of supply disruptions in the Middle East. Equinor EQNR.OL and BP BP.L rose nearly 2%.
Moves in the rest of the market were limited.
The region-wide STOXX 600 .STOXX was broadly unchanged, but it remains just shy of a record peak hit in September. London's FTSE .FTSE added 0.3%.
(Danilo Masoni)
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