- Analysts at Wells Fargo Advisors
Investor confidence in the Eurozone dropped less than expected in August, said Germany's Sentix research institute on Monday. An index measuring sentiment retreated to minus 30.3 from 29.6 the prior month.
European stocks closed higher on the same day.
"Investors are looking to add to Friday's gains, despite discouraging comments out of Europe. Italian Prime Minister Mario Monti warned that the euro could face a breakup unless more urgency is placed on reducing the region's borrowing costs," said Wells Fargo Advisors analysts.
The Stoxx Europe 600 Index rose 0.46 per cent to 266.80. Germany's DAX Index edged higher 0.77 per cent and France's CAC 40 Index advanced 0.81 per cent.
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