European stocks traded higher Monday as renewed optimism over U.S.-China trade talks looked set to reignite a risk-on approach from investors.
The pan-European Stoxx 600 closed 0.97% higher to 403.30, with trade-sensitive Autos jumping 2.8% on average and the Basic Resources basket up more than 3%.
Earnings continue to serve as the focal point for individual stock performance. Ryanair on Monday reported post-tax profits of 1.15 billion euros ($1.3 billion) for the six months from April to September, slightly better than expected. It also narrowed its full-year profit forecast from 750-950 million euros to 800-900 million euros. Ryanair shares were up 8.3% during afternoon trade.
Source : CNBC