Europe STOXX 600 Rises on Bank Gains
European equities advanced on Monday as gains in banking shares helped absorb pressure from rising oil prices. Investors now shift their focus toward upcoming corporate earnings reports.
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Europe’s benchmark STOXX 600 index rose 0.65% to 635.65 points on Monday, gaining for the second consecutive session as strong bank shares offset rising crude prices. The advance kicks off a corporate earnings-heavy week that investors hope will offset recent geopolitical pressures. Market participants are pivoting from macro factors to quarterly scorecards as Middle East tensions test equity valuations.
