European stocks close lower but finish up 2.8% for the month; Suez soars 18%
1 Sep 2020 | SET News
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European stocks close lower but finish up 2.8% for the month; Suez soars 18%
European stocks closed lower Monday, despite a strong start to the session, as traders digested corporate news and dovish U.S. monetary policy signals.
Most major European bourses finished in negative territory, but clocked gains of 2.8% for the month of August, according to Reuters data. In the U.K., markets were closed Monday due to a public holiday.
Shares of the French utility Suez soared 18% after Veolia offered to buy a stake in the company, which was seen as possibly leading to a full takeover.