Newsclip®: [Business] European shares drop, oil jumps on Goldman view | TODAYonline

"LONDON - European shares fell in subdued trade on Monday, unable to maintain the momentum of Asian stocks that shrugged off sub-par Chinese economic data to eke out modest gains. The yen fell against the dollar, helping Tokyo stocks higher, while Irish government bonds outperformed other euro zone sovereign debt, pushing borrowing costs to a one-month low after the once bailed-out country regained its third investment grade credit rating over the weekend. Oil prices jumped to a 2016 high after Goldman Sachs said the market had flipped into deficit.",

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