(For a Reuters live blog on U.S., UK and European stock
markets, click or type LIVE/ in a news window)
March 25 (Reuters) - European stocks were little changed
at the start of holiday-shortened week as investors assessed
recent big gains spurred by dovish views from major central
banks.
The STOXX 600 index slipped 0.02% on Monday,
hovering just below record highs hit last week. Gains in travel
and leisure stocks were offset by losses in retailers
.
Goldman Sachs raised its 2024 year-end target for the STOXX
600 to 540 from 510, citing possible improvement in economic
growth and monetary policy easing across central banks. The
latest target implies a nearly 6% upside from Friday's close of
509.64.
Among big movers, shares of Direct Line tumbled
12.3% after Belgian insurer Ageas said it did not
intend to make a further offer for the British home and motor
insurer after it turned down two previous proposals.
Swedish real estate group SBB jumped 12.4% after
it said it would buy back debt at a discount of 60% compared
with the debt's original value, in an attempt to calm investors'
nerves as it scrambles to tackle a multi-billion debt pile.