European Stocks Inch Up With Retailer Gains Tempered by Oil Drop
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European equities ended slightly higher, as question marks over progress on U.S. pandemic relief talks and Brexit, softer-than-expected macroeconomic data and a slump in oil prices largely offset a surge in retailers.
The Stoxx Europe 600 Index closed up 0.2% in London. It erased an advance of as much as 0.9%, with energy shares slumping as crude futures slid on a challenged demand outlook and higher supplies. Retailers and utilities outperformed.