Today's Edition
(Reuters)
European shares rose on Monday, echoing a buoyant mood across global markets, as investors cheered initial signs that the historic US government shutdown could soon come to an end.
The pan-European STOXX 600 was up 1.1% at 571.27 points, as of 0912 GMT, rebounding from its lowest close in more than three weeks on Friday. Major bourses such as Germany and France also rose over 1.1% each.
In the previous session, the STOXX index logged its biggest weekly loss since late-August, as concerns over a tech bubble, coupled with the lack of official US data due to the 40-day federal government shutdown pushed investors to the sidelines.
Market jitters, however, showed signs of abating after the US Senate advanced a bill that would reopen the government and keep it running until the end of January.
The bill needs a green-light from the House of Representatives and US President Donald Trump.
Tech stocks bounced back from recent losses, leading sectoral gains on Monday with a 2.1% jump, while Siemens Energy rose 5% after brokerage Jefferies upgraded the data centre equipment maker to 'buy' from 'hold'.
Later in the week the focus will be on euro zone economic growth data for the third quarter. A BusinessEurope survey showed regional businesses are likely to see a far greater impact in 2026 from trade tensions than in 2025.
On the earnings front, Salzgitter gained 6.8% after the German steelmaker's nine-month results exceeded analysts' expectations.
Camurus shot up 12.3% after the drugmaker said its weight-loss drug showed positive results.
Novo Nordisk rose 3% as the Danish drugmaker dropped its bid for US weight-loss drug company Metsera, ending a bidding war with rival Pfizer.
Northern Data jumped 35% after Rumble, which hosts President Donald Trump's social media platform Truth Social, said it is buying the AI cloud company in a roughly $767 million all-stock deal.
