Europe and Asia Close Mixed

European markets were mixed on Monday, affected by a higher Wall Street opening, but stifled by higher oil prices

European stock markets were mixed on Monday, helped out slightly by a higher opening on Wall Street, and a good report from Dow Jones Industrial Average component American Express. Oil prices came off highs, but were still up from Thursday last week, capping enthusiasm both in Europe and the US. In London, the Financial Times-Stock Exchange 100 gained 9.20 points, or 0.19%, to close at 4812.50. At home, banks and pharma weighed the FTSE down, while the mining and oil and gas sectors offered some gains. Shire Pharma tumbled 1.88% after a drug it had been distributing on behalf of U.S. company Johnson & Johnson, Reminyl, was placed under review following reported patient deaths. Rio Tinto was the best performer after JP Morgan raised its target price and others in the sector on the back of higher commodity prices. Among trading updates issued today, Emap (-1.22%) said it expects to meet fiscal year expectations and described current UK consumer magazines circulation and advertising as good.

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