European stocks open higher as Stoxx 50 near records
European equities rise at the start of the week, with the Stoxx 50 up around 0.3% and the Stoxx 600 up about 0.2% near peak levels amid calmer energy and shifting Fed-hike expectations.
2%, also remaining close to its peak. The positive tone reflected a broader global equity rally, as investors continued to monitor developments in the Middle East while energy markets opened the week relatively calmly. Sentiment was also supported by declining expectations of a Federal Reserve rate hike at its September meeting. Basic resources were among the strongest performers, with Antofagasta, Hochschild Mining and Glencore advancing more than 2% on firmer metals prices.
Technology stocks also moved higher, while the energy sector edged up. Among individual stocks, argenx surged more than 7% after reporting positive topline results from a Phase 3 trial of its drug efgartigimod. 5%, while AstraZeneca rose over 1%.