European stocks did not change much after their weekly loss while the US stocks started to gain after gains in oil.
European stocks have not changed much since they exhibited the biggest weekly decline since November. Investors are trying to rate how much global growth can bear on political uncertainties in the United States and Brazil.
The Stoxx Europe 600 Index contracted at less than 0.1 percent at closing. The banks dropped four times in the last five sessions and became the most losers. Telecommunication stocks were the best performers in the index. There happened a rise from their lowest level in December; telecommunication stocks succeeded to bring earnings to 15 percent.
There were positive winds in the US stock markets. The investors in the US stocks started to gain with the gains in oil. US stocks have risen after a decline with uncertainty in the financial markets due to the political turmoil in Washington over the past week.
The S & P 500 Index climbed 0.4% at 10:00 am New York time to 2,392 on 22nd of May. The indicator showed the greatest fall since April of the past week. The Dow Jones Index jumped 94 points to 20,899.