European markets started the new trading week on a positive note Monday, following more uncertain sentiment last week amid continuing Middle East tensions and a repricing of interest rate expectations.
The benchmark Stoxx 600 index was up 0.4% in early deals, with the majority of sectors trading in the green. Retail stocks led gains, up 1.5%, while autos sunk 1%.
Shares of Portugal’s Galp Energia soared to a 16-year-high, rising 17% in morning trade after the oil and gas company announced positive prospects for its gas exploration project in Namibia.
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