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European Stocks Edge Higher

EQUITIES

Among the markets that remained open on MLK day, European indices inched higher Monday, with gains of 0.1-0.4% across the continent. German stocks outperformed while UK names lagged.

The consumer discretionary sector was the best performer as the likes of Adidas, Richemont and Swatch traded well, while utilities and communication services sank.

Focus turns to the continuation of earnings season, with Goldman Sachs, Bank of America, Morgan Stanley and Netflix all due in the coming days.

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