European stocks gained in early trading, lifted by the oil and mining sectors. While U.S. markets closed in red on Friday, Asian stocks traded higher on Monday.
The Stoxx Europe 600 index rose 0.4 percent to 371.96, with basic resources, oil and telecom sectors among the top gainers. The financial sector is likely to be of continued interest given the merger saga of Deutsche Bank AG and Commerzbank AG, as well as Charter Court Financial Services Group Plc and OneSavings Bank Plc confirming talks on an all-share merger, Ekolo said. He also highlighted the “disappointing” German industrial production data point for January.
Source : Bloomberg