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%.

In individual stocks, the large cap index index was weighed down by a poor performance across the majority of sectors, although it drew some support from the miners.

Randgold (GOLD) , Glencore (GLCNF) , Anglo American (NGLOY) , Fresnillo (FNLPF) and Antofagasta (ANFGY) all claimed a spot on the leaderboard after their stocks rose by more than 2% for the day.

Oil majors such as BP (BP) and Royal Dutch Shell (RDS.A)  were not far behind, both gaining more than 1.5%, as oil prices rallied in response to continued speculation that OPEC might finally cement a deal to curtail production at the end of this month.

On the mid-cap index in London Essentra (FLRAF) and Mitie Group (MITFY) both delivered profit warnings, wiping 19.4% and 8.1% off their share prices, respectively. Polypipe, the plastic pipe manufacturer, saw its stock decline by just more than 5% as investors took profits following a fortnight of solid gains.

The stock had risen by more than 20% since the middle of the month after the group defied expectations to report solid trading for the first ten months of the year.

In Germany, Volkswagen (VLKAY) , BMW (BMWYY) and Daimler (DDAIF) were among the biggest risers on the DAX, with the stocks rising by 2.4%, 1.9% and 0.8%, respectively.

The sector furthered its post-Trump rally, rising in line with the wider market, as investors bet on a favorable economic outcome to stem from Trump's election in Europe and elsewhere.

In France Airbus (EADSY) , Engie (ENGIY) and Total (TOT) were the big gainers, rising by more than 2% each in response to easing concerns over the global economy as well as higher materials and energy prices.

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