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Market Update

European Markets Little Changed

European markets were little changed Monday amid thin volumes.

The FTSE edged up 0.2%. The CAC 40 Paris slipped 0.1% while the DAX edged up 0.1%.

Markets in Switzerland, Austria, Greece, and Norway were closed for holidays. Volumes were thin also because of public holidays in Germany and France although the markets there remained open.

Stocks on the Move

Lloyds Banking Group was down 1.3% even as it said it will sell 125 million shares in its TSB Banking Group PLC in a range between 220 pence and 290 pence a share.

Gecina SA dropped 3.2% after Spanish builder Metrovacesa said it was selling its 27% stake in the former at a discount.

Deutsche Bank AG was up 0.3% after it said it decided against purchasing a stake in first-division football club Borussia Dortmund.