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Wave of Weight at Month-End

EQUITIES

European stock markets ebbed lower into the close, with a wave of selling pressure accompanying the US market open - from which stock markets failed to really recover. This did, however, cap an exceptionally strong month for equity markets. Bourses from UK to France enjoyed their best month in decades across November - and some, including Spain's IBEX-35, had the best month ever, so some profit-taking into the monthly close troubled few.

The e-mini S&P was sold alongside the open, with some of the downside coinciding with headlines that the US were sanctioning China's CEIEC for helping to support the Venezuela's Maduro when he was in office.

Energy and consumer discretionary firms led the decline on Monday, with tech at the other end of the table. Notable individual movers included Airlines and travel firms, who slipped lower, while Apple, Pfizer and Electronic Arts were among the best performers.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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