London’s FTSE 100 was treading water on Monday while Germany’s top equity index held onto gains as investors reacted to the country’s conservatives winning the national election.
The biggest fallers on the FTSE 100 were: Entain, down 31p to 707p; Endeavor Mining, down 66p to 1,674p; Polar Capital Technology Trust, down 13p to 351p; Scottish Mortgage Investment Trust, down 34p to 1,074p; and Antofagasta, down 50.5p to 1,769.5p.
Konstantin Oldenburger, a market analyst for CMC Markets, said: “This morning’s initial reaction from the Dax reflected investor relief over the fact that, following the Bundestag election results, there is only one viable coalition option involving two parties.
Losses for mining stocks, including Endeavor Mining, Antofagasta and Fresnillo, however, were helping drag the index lower on Monday.
In Frankfurt, the Dax moved 0.62% higher in a positive session for Germany’s top index after the results of its federal election were released on Sunday.
