European shares muted at start of holiday-shortened week
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European shares were little changed on Monday, with beverage stocks weighing on the index. The pan-European STOXX 600 ended down 0.09%. Major regional bourses were also lower. Analysts expect some volatility due to low liquidity in the holiday-shortened week. Most sectors retreated, with food and beverages dropping the most. Commodity-linked sectors traded higher. The STOXX 600 is poised for its best annual performance since 2021. Abivax jumped 15% on takeover chatter, while Orsted fell over 12% due to suspended offshore wind projects.
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