European stocks close slightly higher; Deliveroo up 4.5% as Delivery Hero takes stake
European stocks closed slightly higher on Monday, as investors kept an eye on the latest Covid-19 developments and falling commodity prices.
The pan-European Stoxx 600 provisionally ended up 0.2%, with healthcare stocks adding 1% to lead gains while autos sank 0.6%.
The muted start to the trading week in Europe echoed sentiment in Asia-Pacific, where markets were mixed on Monday.
Investors are awaiting key U.S. inflation data scheduled for release this week. The consumer price index and the producer price index are scheduled to come out Wednesday and Thursday, respectively.
In terms of individual share price movement, Britain’s Deliveroo surged 4.5% on Monday after disclosing that German peer Delivery Hero had taken a 5.09% stake in the company.
Reference: CNBC
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