Key facts
- European shares rose on Monday, with the STOXX 600 index gaining 0.43% to 634.25 points.
- Spain's bank-heavy IBEX jumped 1.3%, leading regional peers.
- Oil prices eased on expectations of increased Russian supplies.
- Eurozone bond yields declined, boosting sentiment for riskier assets.
- US President Donald Trump stated that Ukraine and Russia had agreed to halt attacks on energy facilities.
- Nordex shares advanced 2.5% after reporting a 30% year-on-year rise in project order intake for the third quarter.
European shares advanced on Monday, with the pan-European STOXX 600 index rising 0.43% to 634.25 points by 0709 GMT. The gains were led by banking stocks, with Spain's IBEX index, heavily weighted with financial firms, jumping 1.3%.
Oil prices eased on expectations of increased Russian supplies following a US-Russian diesel-supply deal. U.S. President Donald Trump stated that Ukraine and Russia had agreed to halt attacks on each other's energy facilities.
Further supporting sentiment for riskier assets, Eurozone bond yields declined. Investors are now looking ahead to the start of the corporate earnings season to assess the health of European companies amidst geopolitical uncertainties and rising borrowing costs.
Among specific company news, onshore wind turbine manufacturer Nordex saw its shares advance 2.5% after announcing a 30% year-on-year rise in project order intake for the third quarter. LVMH is scheduled to report its results after European markets close, while semiconductor equipment maker ASML and investment firm EQT are expected to release their earnings later in the week.