Investing.com - European stocks were higher on Monday, as the previous week's upbeat data from the euro zone continued to support sentiment, while investors eyed upcoming policy statements from the Federal Reserve, the European Central Bank and the Bank of England.
During European morning trade, the EURO STOXX 50 climbed 0.51%, France’s CAC 40 rose 0.58%, while Germany’s DAX 30 advanced 0.81%.
European equities gained ground after data on Thursday showed that the Ifo index of German business climate ticked up to 106.2 in July from 105.9 In June, slightly better than expectations for a reading of 106.1.
A separate report showed that the euro zone composite purchasing managers’ index rose to 50.4 in the current month from 48.7 in June, sparking optimism that the bloc’s economy could emerge from a recession in the third quarter.
Financial stocks were mixed, as French lenders BNP Paribas and Societe Generale added 0.16% and 0.15%, while Germany's Deutsche Bank slipped 0.22%.
Among peripheral lenders, Banco Santander edged up 0.18% and BBVA fell 0.21% in Spain, while in Italy, Unicredit dropped 0.83% and Intesa Sanpaolo rose 0.14%.
Elsewhere, Publicis rallied 1.51% after agreeing to merge with Omnicom in an all-stock transaction to create the world’s largest advertising company with USD23 billion in revenue.
Adding to gains, Siemens jumped 1.21% after saying it will replace Chief Executive Officer Peter Loescher, as the engineering company repeatedly missed profit targets.
In London, FTSE 100 gained 0.64%.
Financial stocks were mixed, as shares in Lloyds Banking edged up 0.12% and HSBC Holdings advanced 0.68%, while the Royal Bank of Scotland and Barclays plummeted 1.34% and 2.75% respectively.
Meanwhile, mining stocks were broadly lower. Rio Tinto dropped 0.64% and BHP Billiton dipped 0.04%, while Evraz tumbled 1.64% and Polymetal lost 1.72%.
Among earnings, airline company Ryanair said first-quarter profit dropped 21% on higher fuel costs and an early Easter travel season, sending shares down 2.08%.
In the U.S., equity markets pointed to a moderately lower open. The Dow Jones Industrial Average futures pointed to a 0.12% fall, S&P 500 futures signaled a 0.12% loss, while the Nasdaq 100 futures indicated a 0.05% dip.
Later in the day, the U.S. was to produce industry data on pending home sales.
During European morning trade, the EURO STOXX 50 climbed 0.51%, France’s CAC 40 rose 0.58%, while Germany’s DAX 30 advanced 0.81%.
European equities gained ground after data on Thursday showed that the Ifo index of German business climate ticked up to 106.2 in July from 105.9 In June, slightly better than expectations for a reading of 106.1.
A separate report showed that the euro zone composite purchasing managers’ index rose to 50.4 in the current month from 48.7 in June, sparking optimism that the bloc’s economy could emerge from a recession in the third quarter.
Financial stocks were mixed, as French lenders BNP Paribas and Societe Generale added 0.16% and 0.15%, while Germany's Deutsche Bank slipped 0.22%.
Among peripheral lenders, Banco Santander edged up 0.18% and BBVA fell 0.21% in Spain, while in Italy, Unicredit dropped 0.83% and Intesa Sanpaolo rose 0.14%.
Elsewhere, Publicis rallied 1.51% after agreeing to merge with Omnicom in an all-stock transaction to create the world’s largest advertising company with USD23 billion in revenue.
Adding to gains, Siemens jumped 1.21% after saying it will replace Chief Executive Officer Peter Loescher, as the engineering company repeatedly missed profit targets.
In London, FTSE 100 gained 0.64%.
Financial stocks were mixed, as shares in Lloyds Banking edged up 0.12% and HSBC Holdings advanced 0.68%, while the Royal Bank of Scotland and Barclays plummeted 1.34% and 2.75% respectively.
Meanwhile, mining stocks were broadly lower. Rio Tinto dropped 0.64% and BHP Billiton dipped 0.04%, while Evraz tumbled 1.64% and Polymetal lost 1.72%.
Among earnings, airline company Ryanair said first-quarter profit dropped 21% on higher fuel costs and an early Easter travel season, sending shares down 2.08%.
In the U.S., equity markets pointed to a moderately lower open. The Dow Jones Industrial Average futures pointed to a 0.12% fall, S&P 500 futures signaled a 0.12% loss, while the Nasdaq 100 futures indicated a 0.05% dip.
Later in the day, the U.S. was to produce industry data on pending home sales.