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Market Update

European Markets Gain

European markets traded up Monday tracking gains in Asia.

The FTSE was up 0.5%. The CAC 40 Paris rose 0.4% while the German DAX also gained 0.5%.

Oil stocks were lower across the region, mirroring losses in other markets after the deal between Iran and world powers that could head off further sanctions on Iranian crude.

Stocks on the Move

BP PLC declined half a percent while Royal Dutch Shell also edged 0.4% lower.

In banks, RBS was up 0.4% and Barclays PLC added 0.6%.

BNP Paribas also rose 0.4% while Societe Generale advanced 1.5%.

In Frankfurt, Daimler and BMW were up a percent each, respectively.