UK markets were closed for a bank holiday, while Germany’s DAX and France’s CAC 40 were flat in early deals.
The Europe-wide STOXX 600 rose 0.1%. The index was on course to end August with a more than 2% rise – its seventh straight month of gains in what would be its longest such winning run in over eight years.
Risky assets including equities remained supported after U.S. Federal Reserve Chairman Jerome Powell on Friday laid out a slower-than-expected path to rate hikes.
Oil and gas stocks inched up 0.2% even as crude prices retreated from three-week highs after a powerful hurricane slammed into the U.S. Gulf coast, forcing shutdowns and evacuations of hundreds of offshore oil platforms. [O/R]
