Europe’s leading indices ended Monday’s trading session with gains as investors continue to analyse last week’s data and decisions by the continent’s central banks, CNBC reports.
The pan-European Stoxx 600 index was up 0.8 percent, with most bourses and sectors in the green. Stocks in the travel and leisure segment rose a combined 3.1% to lead the gains.
In the UK, the main benchmark FTSE gained 0.8% and Germany’s DAX added 0.7%. The French benchmark CAC also posted a 0.8% rise.
In individual stocks, those of Swedish health care company AddLife rose 7.2% after the company bought back 181 thousand of its shares.
At the bottom of the Stoxx 600 stood French health care company Orpea, whose securities fell 4.5% amid allegations of patient abuse at its care centers.
Central bank decisions last week continue to dictate trading this week. The European Central Bank then decided to keep its key interest rates unchanged amid record inflation in the eurozone. However, the Bank of England in turn increased interest rates for the second month in a row – the first time since 2004.
Trading on Friday was also influenced by far stronger US labour market data and its effect on monetary policy