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European stocks rise, as London sets tone on May Day holiday


Tuesday, 1 May 2018 16:05 WIB

Indeks Stoxx Europe 600SahamEropa


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European stocks inched higher on Tuesday, with U.K. equities driving the market action as most of the region’s markets were closed for May Day.

The Stoxx Europe 600 index was marginally higher at 385.44, adding to a 0.2% rise from Monday.

The U.K.'s FTSE 100 index added 0.1% to 7,520.08, on track for its highest close since Jan. 31, according to FactSet data.

The pound fell to $1.3742 compared with $1.3765 late Monday in New York, while the euro EURUSD, -0.3808%  slipped to $1.2053 from $1.2079.

Stock markets were closed across most of Europe in observance of May Day or Labor Day, including in France, Germany, Spain and Italy.

Source: Marketwatch


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