Weak financial stocks weighed on European shares on Monday after a strong run of weekly gains, while dealmaking livened up trading. Crude oil rose. DublinThe Iseq rose 0.7 per cent, boosted by a sparkling run from heavyweight stock, Paddy Power Betfair. It reported a drop in first-quarter net profit due to ongoing problems in the oil sector, leading to impairments on loans to shipping and offshore services clients. Energy stocks were the biggest percentage gainers, rising 0.8 per cent as oil rose after OPEC reported that the global oil glut has been virtually eliminated.

Source: The Irish Times May 14, 2018 19:30 UTC