European stocks close higher

European markets turned positive Monday, shaking off the negative sentiment seen at the start of trading in 2024.

The Stoxx 600 index closed 0.34% higher, having slumped during morning trade. Technology and retail stocks both rose 1.23% to lead gains.

Oil and gas stocks meanwhile dropped 1.55% after Saudi Arabia announced price cuts to customers in Asia, and Shell said its upcoming fourth-quarter results would contain impairment charges of up to $4.5 billion.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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