European shares ceased post-#Brexit grow

Belgium stocks

Market internals are not encouraging, political uncertainty will linger and activity momentum is likely to take a hit. market recovery to last for much longer. European shares ended a four-day winning streak on Monday, with battered banking stocks offsetting gains among mining shares boosted by higher metals prices.

The pan-European STOXX 600 index closed 0.7 percent lower after gaining 7.6 percent in the past four sessions. The FTSEurofirst 300 index fell 0.6 percent.

Stocks rose last week as expectations the ECB would step in to support markets eased concerns over Britain’s decision last month to leave the European Union.

Both the indexes, however, remain below levels reached before the British vote, which triggered worries about the political and economic outlook for Europe, weighing particularly on peripheral countries like Italy and financial stocks.

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