European stocks run out of steam amid UK bank holiday

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Shares remain near one month high

European stocks snapped a three-day streak of gains on Monday amid light volumes with the UK market closed for a bank holiday.

Corrie Energy rallied almost 42 per cent to 17 cents, having sold off sharply last week as its interim chairman resigned after less than two months and the embattled company set about raising more short-term cash as it continues to seek longer-term investment.The German benchmark equities index pared some earlier losses, closing down about 0.1 per cent after a survey showed business morale for Europe’s largest economy fell in August.

Nvidia dropped, leading declines among chip stocks and sending the Philadelphia SE Semiconductor index down ahead of the chip designer’s highly anticipated earnings on Wednesday

 

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