© Reuters. The DAX Graph for the German Stock Index on the Frankfurt Stock Exchange
LONDON (Reuters) – European equities started trading negative on Monday as optimism eased off the end of the US government stalemate and investors fussed over an eventful week with important votes prepared for Brexit, the trade talks between China and the US and a decision by the US Federal Reserve.
At 08:30 GMT, the pan-European market fell 0.5 percent, with most stock markets and sectors in negative territory as news of the second decline in Chinese industrial earnings in December came in, dampening sentiment.
A number of corporate developments sparked strong moves, including MorphoSys's shares in Germany, which were down 6.6 percent on STOXX, after a US court ruled on three patents.
Another strong loser was Alstom (PA :), which slipped by 3.3 percent after the French group and German Siemens had made new concessions to try to address the European competition concerns Commission for the establishment of a joint to satisfy European railway master.
Among the winners, the shares of British online grocer Ocado (LON 🙂 and Marks & Spencer jumped after a report reported that companies are in talks about connecting a grocery delivery service. Ocado surpassed the number after peaking on 6th September.
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