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Global stocks ran out of steam on Monday, with European shares in energy and mining coming under pressure as well.
The only exception was Baye’s shares which seem to continue soaring.
On Friday, the pan-European index saw its gains of four weeks in a row end, and traded flat on Monday morning.
Oil saw a pullback from its recent gains, and energy and mining companies, which were the stepping stone for the recovery of global stocks, shortly followed.
Concerns of a global oversupply of Brent crude oil were fueled since the end of last week as U.S. oil rig data continued to drive ... (read more)