European indices stabilized at the end of the trading session on Monday, the twenty-fourth of July, with the absorption of the results of the general elections in Spain, which were inconclusive.
At the end of the session, the STOXX600 Index settled at 465 points.
The German DAX settled at 16,190 points, while the British FTSE rose by 0.19%, recording 7,678 points, while the French CAC settled at 7,427 points.
Shares of oil and gas companies led the gains of the European Stock Exchange, after rising 1.5%, amid gains in crude prices.
The People’s Party won the general elections in Spain, but this did not qualify it to form a government.
The Spanish index fell 0.3%, after hitting its lowest level in nearly a week earlier in the session.
Economic data revealed that Germany’s composite purchasing managers’ index shrank to 48.3 points in July, the first contraction since January.
Markets are awaiting the Federal Reserve and the European Central Bank’s monetary policy meeting later this week.
It is expected that each of the two banks will implement an interest rate increase of about 25 basis points.
