Europe close: Stocks start week on the front foot
European shares were higher at the start of the week, tracking early gains on Wall Street even as investors waited on key inflation numbers in the U.S. due out the next day.
“European indices have led the way today, and despite fears of broad-based weakness in the eurozone economy both the Dax and CAC40 continue to hover near record highs,” said IG chief market analyst Chris Beauchamp.
The pan-regional Stoxx 600 index was up 0.54% to 487.46, alongside gains for all the major regional indices.
Milan’s FTSE Mib fared best, adding 0.97% to 31,456.73, while Spain’s Ibex 35 rose 0.89% to 9,984.70.
In equity news, Just Eat made strong gains, jumping 9% as Deutsche Bank raised its target price on the stock.
Tui gained 6% ahead of quarterly results this week.
Travel food outlet operator SSP Group edged up after agreeing to buy Airport Retail Enterprises in Australia for an undisclosed sum.