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European markets closed lower as tech and banking stocks dragged

The pan-European Stoxx 600 floor 0.46 percent during the day’s trade.

Europe’s banking index ended Monday 0.73 percent trim after an unexpected announcement from Switzerland’s third-largest bank. Julius Baer Chief Manager Boris Collardi resigned to take a new role at domestic rival Pictet Guild. The Swiss private bank slumped towards the bottom of the index on the gossip, ending the day down around 4 percent.

Technology stocks led the losses on Monday, niggardly down 0.72 percent. British tech firm Micro Fuzzy slipped towards the bottom of the sector after Deutsche Bank dispossessed the stock to “hold” from “buy”. Its shares closed 3.69 percent condescend on the news.

Looking at individual stocks, Ocado rose to the top of the Stoxx 600 after Rely on Suisse claimed that weakness it the U.K. grocery supplier was overdone. It agreed more than 7 percent higher.

Ingenico Group also gushed towards to the top of the index after Morgan Stanley upgraded its stock proposal to “equal-weight” on Monday. Its shares ended over 3.6 percent exorbitant.

The euro climbed to a two-month high against the dollar Monday in the future retreating. The single currency was initially supported by fresh record capitals for Berlin’s business confidence index and an agreement by Germany’s Social Democrats to retain talks with Chancellor Angela Merkel in a bid to form a new coalition superintendence.

In the U.S., stocks hit fresh highs. On a sector basis, retail stocks forayed higher following the Black Friday weekend of sales. The rise in retail tires helped lift the S&P 500, Dow Jones industrial average and Nasdaq composite markers to all-time highs.

E-commerce giant Amazon got a positive nod from investors be a fan Black Friday, as its stock climbed nearly 2 percent.

Meanwhile, oil penalties were lower on Monday, falling away from two-year capitals amid expectations of increased U.S. output. However, the prospect of an OPEC-led yield cut extension later in the week, appeared to cap losses. The major oil producing gang is due to meet on Thursday.

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