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2018.05.0120:43:00UTC+00European Stocks End Mixed, with Many Markets Closed on May Holiday

European equities ended mixed on Tuesday as most bourses were closed for the Labor Day public holiday.

The Stoxx Europe 600 index snapped a three-day win streak and ended slightly lower, down about 0.1 percent at 385.03, after finishing Monday trade up 0.2 percent. The U.K.'s FTSE 100 index climbed by 0.15 percent, and marked its highest close since Jan. 31, according to FactSet data.

Stock markets were closed across most of Europe in observance of May Day or Labor Day, including in France, Germany, Spain and Italy.

Focus turned to corporate news in the U.K., where oil giant BP posted its strongest quarterly profit since mid-2014, supported by higher oil prices and rising production. Shares climbed 1.8 percent, recording the highest close since May 2010.

Also in focus, U.S. President Donald Trump on Monday eased pressure on the European Union, giving the bloc more time to negotiate deals that would keep it exempt from U.S. aluminum and steel tariffs.

Just Eat was among the top performers, rising four percent. The company posted a 24 percent increase in U.K. orders in the first quarter of the year and a jump in revenues of 49 percent.

J Sainsbury climbed 1.8 percent, adding to a 15 percent rally from Monday that came after news the supermarket chain had agreed to merge with Walmart Inc.'s British unit, Asda Group Ltd.

Tags: Investments, Share, Stocks, bonds, UK

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