LIVE MARKETS-Banks prop up the STOXX, CAC edges up
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BANKS PROP UP THE STOXX, CAC EDGES UP
A bounce in bank .SX7P stocks following Friday's slide helped drive the STOXX 600 .STOXX up around 0.3% in early Monday trading.
Gains were broad-based, but the region-wide index remained within its recent trading range as investors awaited political developments in France and braced for central bank decisions in the euro zone and the U.S. over the next two weeks.
Oil stocks .SXEP were in demand as crude prices rose on the prospect of more sanctions on Russia, which overnight launched its largest air attack of the war on Ukraine. As a result, defence stocks also rose .SXPARO.
Healthcare .SXDP was the biggest decliner, down 0.4%.
In Paris, the CAC 40 .FCHI gained 0.2% ahead of a confidence vote, where France's fourth prime minister in three years, François Bayrou, faces near-certain defeat.
(Danilo Masoni)
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