European Stocks Slightly up as Investors Monitor German Crisis

By Investors Hub

European stocks are turning in a lackluster performance on Monday as the German political impasse continued to keep investors nervous.

“It is a day of deep reflection on how to go forward in Germany,” Chancellor Angela Merkel told reporters after her efforts to form a three-way coalition government failed.

While the UK’s FTSE 100 Index has inched up by 0.1 percent, the German DAX Index and the French CAC 40 Index are both up by 0.2 percent.

Altice has soared after the telecom company said it is not in preparation for cash raising by means of an equity or equity-linked issuance.

Roche shares have also shown a significant move to the upside after the Swiss drugmaker announced a pair of positive drug trial results.

German utility RWE has rallied after Reuters reported the company was looking at ways to cut its stake in Innogy. Innogy shares have also moved higher percent.

Shares of DBV Technologies have spiked higher after the French company announced positive topline results from the Phase III REALISE trial of Viaskin Peanut for the treatment of Peanut-Allergic patients.

On the other hand, Natixis shares have come under pressure after the bank launched new targets for its strategic plan.