European Stock Markets Mixed Monday as Dollar Falls, Oil Gains

European stock markets were mixed on Monday as a commodity price rally, driven by a retreating U.S. dollar and easing concerns over the outlook for global growth, proved insufficient enough to prop up London's stock markets.

Both the FTSE 100 and the FTSE 250 fell for the session in London while the DAX and the CAC 40 rose over in France and Germany.

The FTSE 100 closed some 0.2% lower at 6,764.4 and the FTSE 250 was down by 0.9% to 17,496.5.

France led the way with the biggest gain for Monday's session after the CAC 40 index stacked up a 0.5% increase, coming to rest at around 4,527.9. The DAX followed closely behind with a gain of 0.2% to 10,691.4.

In keeping with the trend of an easing dollar, both sterling and the euro gained on the greenback for the session. As stock markets closed, sterling was up nearly 200 points against the dollar to 1.2472 while the euro was up around 20 points at 1.0616.

The British currency was aided by the softening tone of Prime Minister Theresa May, who hinted to businesses that she could be considering some kind of transitional agreement with the EU, which has raised hopes among investors than an eventual exit from the European Union will be more gradual or that it won't happen at all.

Fixed-income markets rose throughout the session with yields coming down broadly across the continent.

In the U.K., the 10-year Gilt yield fell by some 30 basis points to trade around 1.30%. This is while the French 10-year saw its yield fall by around 10 basis points to 0.74%. German yields were down by a fraction, around 10 basis points, to 0.28%.

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