European markets mixed amid rising oil prices; Air France down 13%

The pan-European Stoxx 600 was barely above the flatline, up by 0.05 percent. In the U.K., markets are closed due to a public holiday.

Food and beverage was the top performing sector, up by 0.34 percent. Kerry group drove the sector higher, up by nearly 3 percent. The company reported last week a 3.7 percent increase in volumes during the first quarter of the year. At the same time, the sector received news that Nestle will pay $7.15 billion to Starbucks to market the products of the U.S. coffee firm around the world. Nestle shares rose 0.5 percent.

On the other hand, autos fell 0.4 percent. BMW fell above 1 percent after a rating downgrade.

Looking across the European benchmark, the Danish firm Ambu led the gains, up by more than 8 percent. This was after its latest earnings, where the company reported higher revenues from a year ago. Air France sank to the bottom of the index, down by nearly 13 percent. This was after comments from Bruno Le Maire, the finance minister of France, stating that the government would not bailout the airline.

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