European Stocks Dip After First-Half Gains; Energy Shares Rise
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European stocks dropped slightly on Monday following strong gains in the first half of the year as cyclical sectors climbed while investors mulled the path of monetary policy and economic growth.
The Stoxx Europe 600 Index fell 0.2% by the close in London, having earlier risen as much as 0.4%. Energy shares got a boost after oil rallied as Saudi Arabia and Russia extended oil supply cuts. Miners and banking stocks advanced, while consumer products and health care underperformed.