European Stocks Rise for 2nd Session
European stocks extended gains for a second consecutive session on Monday, with the Stoxx 50 rising 0.3% and the Stoxx 600 adding 0.2%. Markets advanced in the UK, Germany and France, although Spain underperformed. ASML Holding, Linde and L’Oréal gained between 0.8% and 1.3%, while LVMH and Siemens rose around 0.5%. In the broader Stoxx 600, Novartis climbed 1.6% and ASML added 0.8%. British housebuilders were among the strongest performers, with Persimmon, Barratt Redrow, Taylor Wimpey and Vistry Group surging more than 10% after the UK government said it would confirm a new equity-loan programme for first-time buyers in next month’s budget. Banco Santander slipped 0.3%, while Roche fell more than 2%. Fresnillo declined around 5% as weaker gold prices pressured precious-metals miners. Oil prices remained elevated amid a US-Iran stalemate, despite reports that talks on reopening the Strait of Hormuz could continue, with investors cautious after repeated diplomatic setbacks.
2%. Markets advanced in the UK, Germany and France, although Spain underperformed. 5%. 8%.
British housebuilders were among the strongest performers, with Persimmon, Barratt Redrow, Taylor Wimpey and Vistry Group surging more than 10% after the UK government said it would confirm a new equity-loan programme for first-time buyers in next month’s budget. 3%, while Roche fell more than 2%. Fresnillo declined around 5% as weaker gold prices pressured precious-metals miners. Oil prices remained elevated amid a US-Iran stalemate, despite reports that talks on reopening the Strait of Hormuz could continue, with investors cautious after repeated diplomatic setbacks.