European shares rise as UK homebuilder rally offsets oil, bond pressures

By Sudeshna GhoshalEuropean shares climbed on Monday, supported by a rally in British housebuilders, although gains were capped by a rebound in oil prices and elevated bond yields.The pan-European STOXX 600 TVC:SXXP was up 0.48% at 641.73 points by 0829 GMT. Most major regional bourses also traded…