European stocks traded higher on Monday, with the STOXX 50 up 1.4% and the STOXX 600 gaining 1.1%, tracking global optimism that the longest US government shutdown may soon end. Sentiment improved after eight Democrats joined nearly all Republican senators to advance a bipartisan deal, passed 60–40, that would reopen the federal government and fund it through the end of January.
Corporate news also lifted sentiment. Novo Nordisk rose 2.7% after dropping its bid for weight-loss drugmaker Metsera. ASML (+2.7%), LVMH (+1.4%), SAP (+1.7%), and Siemens (+2.5%) posted strong gains, while Diageo jumped over 7% to top the STOXX 600 after appointing former Tesco CEO Dave Lewis as its new chief executive. Commerzbank climbed 4% after Deutsche Bank upgraded the stock to "buy" from "hold." Meanwhile, National Grid fell 1.8%, among the session's biggest laggards.
Source: Trading Economi
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