European stocks finished lower on Monday as Britain's export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets.[BENGALURU] European stocks finished lower on Monday as Britain's export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets.
However, investors were mostly looking ahead to the ECB's policy meeting on Thursday, when the central bank is expected to introduce a new wave of monetary stimulus.Europe's banking index, the worst performer this year among major subsectors, rose 2.2 per cent to hit more than a one-month high.
Banking-heavy indexes of Milan and Madrid rose about 0.2 per cent, with Santander's shares gaining 2.4 per cent after the Spanish bank said it would raise its ownership of its Mexican business to 91.65 per cent from 74.96 per cent after a stock exchange offer.
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Singapore stocks: STI resumes Monday afternoon at 3,149.10, up 0.15% on daySINGAPORE stocks continued to edge up as trading resumed on Monday afternoon, with the Straits Times Index advancing 0.15 per cent or 4.62 points on the day to 3,149.10 as at 1.03pm. Read more at The Business Times.
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South Korea: Stocks rise on China's liquidity boost[SEOUL] South Korean shares climbed on Monday, as investors expected China's latest policy easing measure would support Seoul's exports to its biggest trade partner. Read more at The Business Times.
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