European stocks are steady, taking a pause from their recent rally, with UBS falling 3.2% after reporting mixed earnings, starting a buyback program and saying it will create a unified global wealth management unit.
The Stoxx 600 is little changed, fell less than 0.05 percent after reaching its highest level since August 2015 on Friday. Yoox Net-a-Porter surges 25% after Richemont agreed to take full control of the online luxury retailer for about 2.7 billion euros. Sanofi falls 2.2% after it agreed to buy Bioverativ Inc. for about $11.6 billion.
Source : Bloomberg