Europe closes mixed as energy crisis continues
Major stock markets in Europe closed mostly higher on Monday as governments across the continent continued battling the energy crisis, which pushed oil prices upward.
President of the Dutch central bank Klaas Knot reassured that the high inflation still appears to be temporary, warning of the possible shock to those markets unprepared to accommodate it. Additionally, European Central Bank Executive Board Member Philip Lane explained that an energy price shock could further destabilize the inflation rate.
The FTSE 100 gained 0.52% led by Anglo American PLC which rose by 4.96%. The CAC 40 rose by 0.08%, with ArcelorMittalSA leading the gains with a 4.54% increase. On the other hand, The DAX traded 0.13% lower, as Hellofresh SE lost 5.05%.
The euro traded flat against the dollar at 5:25 pm CET to sell for $1.15724, and the pound increased by 0.12% to trade for $1.36312 a minute later.
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