Economic news

Review: European stocks grow amid new deals in insurance sector

European stocks inched up on Monday, supported by the announcement that Germany's largest insurer Allianz plans to buy shares of the French credit insurance company Euler Hermes for about 1.85 billion euros ($ 2.2 billion).

The pan-European STOXX 600 index grew by 0.2%. Shares in Allianz rose by 0.7%.

German's DAX rose 0.1% as investors continued to closely monitor the efforts of Angela Merkel to form a new government.

The British FTSE 100 edged up 0.3% to 7.4131.67 points.

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