Europe Shares Close Mixed; Italy, Spain Lag
Italian, Spanish and Portuguese stock indexes all closed lower on Monday, after Italy published data which showed industrial orders were down 10 percent on the year in March. In addition, Italy reported its Balance of Payment balance for March. Meanwhile, Spain's Treasury said it will auction up to 7.5 billion euros ($9.6 billion) in sovereign bonds this week.
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South Africa Mine Wage Demands Rattle Markets
In addition, travel and leisure stocks were boosted by a 6.9 percent jump in Ryanair, after the Irish budget airline posted forecast-beating earnings.
However, mining stocks took a hit after reports from South Africa said workers seeking a 60 percent increase in wages. In addition, the sector was pressured by a shock 9 percent fall in spot silver prices and 2 percent drop in gold prices early on Monday. Fresnillo, Lonmin and ENRC all posted large declines.