Europe stocks inched higher on Monday, with some gains in the chemical sector, but in a mostly lackluster session marked by a U.K. holiday.
European stocks kicked off the start of the trading week on a flat note, as the absence of London trade due to a bank holiday kept a lid on volumes. Chemicals and industrial names were in the lead.
Consumer prices rose 3.9% on year, which was in line what was expected from economists polled by The Wall Street Journal. The euro EURUSD, +0.03% was largely unchanged. Elsewhere, Eurostat data showed EU economic sentiment dropping from an all time highs reached in July, though still at an elevated level. The fall was confidence falls in France and the Netherlands.
Shares of Adva Optical Networking ADV, +10.85% surged 13% after Adtran ADTN, -15.02%, a U.S.-based provider of telecommunications networking equipment and internet-working products said it would buy the European telecommunications vendor in an all-share deal worth EUR789 million .
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