LONDON – European stocks moved higher on Monday, continuing the positive trend seen at the end of last week’s trading session.
The Pan-European Stockx 600 index rose 1.1% in initial trading, leading all sectors and major portfolios into a positive territory, leading to a net gain of 3.7%.
In terms of individual stock price movements, the technology investor in the Netherlands, which plans to gradually sell 28.9 percent of its software titan in China, jumped more than 11 percent.
The European blue chip index, which is trading higher on Monday, closed for a better day than three months after closing 2.6% last Friday.
But despite a positive end to the trading week, investors assessed fears of rising inflation and economic downturn last week.
Central banks around the world have taken steps to combat inflation caused by a slight increase in energy and food costs during the war in Ukraine.
More aggressive growth in central banks has alarmed markets and raised fears of a recession, U.S. Federal Reserve Chairman Jerome Paul told Congress last week. Inflation has decreased.
US stock futures rose slightly on Monday morning, following a sharp recovery from last year’s downturn, but shares rose in the Asia-Pacific region.
Elsewhere on Monday, investors are looking for more updates from the Group of Seven leaders. US President Joe Biden has joined the world’s richest democracies, including Canada, Britain, Germany, France, Italy and Japan.
During a G-7 summit in Germany, the Ukrainian capital, Kyiv, was again hit by a Russian missile.