European Shares Climb As Inflation Worries Ease
(RTTNews) - European stocks advanced on Monday as falling oil prices eased inflation concerns and German Chancellor Friedrich Merz vowed to press ahead with reforms after suffering a bruising electoral setback in two state elections.
Brent crude prices fell below $102 a barrel as investors hoped for diplomatic progress on the Iran war at this week's UN meeting.
The pan-European STOXX 600 jumped 0.9 percent to 640.96 after falling 1.1 percent on Friday.
The German DAX surged about 1 percent, France's CAC 40 gained 0.8 percent and the U.K.'s FTSE 100 was up 0.7 percent.
French lender Societe Generale rallied 3 percent after raising its profitability target for 2029.
British sportswear retailer JD Sports Fashion traded around 1 percent higher after announcing it would enter the Mexican market through a long-term franchise agreement with Grupo Axo.
Novo Nordisk shares slumped 4.5 percent after the Danish drugmaker announced new growth targets for obesity treatment drugs.
Gold Edges Lower On Rate Hike Concerns
Oil Extends Slide As US-Iran Diplomacy Gathers Pace
Asian Shares Rise As US-Iran Diplomacy Gains Momentum
European Shares Seen Higher As Oil Extends Slide On Diplomacy Hopes
Indian Shares Edge Higher As Oil Prices Ease On Diplomacy Hopes
Australian Market Trims Early Losses In Mid-market
Asian Markets Trade Mostly Higher
