European stocks rose on Monday, with the Stoxx 50 up 0.2% and the Stoxx 600 up 0.5%, and all sectors in positive territory, as investors prepared for a busy week of earnings and data from Europe and the US.
Automotive and banking stocks led gains, both climbing 0.7%. Key earnings are expected from Porsche, Schneider Electric, and Deutsche Boerse. Meanwhile, signs of easing global trade tensions supported sentiment, with President Trump signaling openness to lowering Chinese tariffs and Beijing exempting certain US goods from its 125% levies.
In corporate news, Italy's Mediobanca (+0.8%) launched a €6.3 billion takeover bid for rival Banca Generali (+7.5%) to expand its wealth management business.
Meanwhile, Airbus (+1.8%) finalized a deal to acquire key assets from Spirit AeroSystems to strengthen its European aircraft production.
Source: Trading Economics
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