By Geoffrey Smith
Investing.com — European stock markets were acting out a well-rehearsed playbook on Monday, as the U.K. underperformed the rest of the continent after Prime Minister Boris Johnson became the latest government leader to announce a ‘lockdown lite’ in the hope of stemming the coronavirus tide.
By 5:30 AM ET (0930 GMT), the and the mid-cap, more domestic-focused index were up 0.6% and down 0.4% respectively, on a morning when the continent’s other main indices were posting gains of 1% or more.
The positive broader performance represented a bounce from some heavy losses last week, driven largely by final purchasing managers indices that were for the most part revised up from preliminary readings. The composite Eurozone manufacturing PMI hit a two-year high of 54.8 – a level that, with the tightening…