European Stocks Dull as Investors Await Resumption of Brexit Talks in

By Investors Hub

European stocks are turning in a lackluster performance on Monday as investors wait for Brexit talks to resume in Brussels on Thursday amid disagreement over what the U.K. must pay as a final exit settlement.

Currently, the U.K.’s FTSE 100 Index is just below the unchanged line, while the French CAC 40 Index is up by less than a tenth of a percent and the German DAX Index is up by 0.1 percent.

SBM Offshore shares have plunged after the Dutch marine energy group set aside an additional $238 million provision to settle a corruption case.

Storage tank firm Royal Vopak has also shown a notable move to the downside after lowering its 2017 earnings guidance.

Shares of SysGroup have also moved sharply lower in London. After reporting weak first-half earnings, the managed IT services and cloud hosting provider has warned that it expects fiscal year EBITDA and adjusted profit before tax to be significantly below market expectations.

On the other hand, Tullow Oil shares have risen as oil prices hit their highest levels since 2015 amid signs of tightening market conditions.

In economic news, data from Destatis revealed that German factory orders grew 1 percent month-on-month in September compared with analysts’ expectations for a 1.1 percent decline.

IHS Markit’s final composite Purchasing Managers’ Index for the euro zone fell to 56.0 last month from 56.7 in September.

The Sentix investor sentiment index for the euro zone rose to 34 points at the start of this month from 29.7 in October.