European equities were muted on Monday morning, following their best week since 2020, as a rally driven by prospects of peace in Ukraine stalled and the benchmark oil price rose above $110 a barrel.
The regional Stoxx 600 share index, which last week wiped out all its losses incurred since Russia invaded its neighbour in February, added 0.1 per cent, Germany’s Xetra Dax traded flat, while London’s FTSE 100 added 0.5 per cent. Chinese stocks dropped as traders weighed the impact of new coronavirus restrictions.
Brent crude rose 3.9 per cent to $112.2 a barrel, topping $110 for the first time in more than a week, due to renewed anxieties about global supply shortages.
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