European stocks bounced after suffering their biggest weekly decline in three months, as investors await clear signals from the European Central Bank about interest rate cuts this week and earnings season gathers pace.
The Stoxx 600 Index rose 0.6% by 8:07 a.m. in London, with rates sensitive sectors tech and real estate rising the most, while utilities lagged. ASML Holding NV led gains in the region after Bernstein upgraded its recommendation to outperform.
Among other moves, Kindred Group jumped after French lottery group La Francaise des Jeux offered to buy the Swedish company for $2.7 billion. Worldline rose after Credit Agricole said it acquired a 7% stake in the company to help stabilize its struggling payments partner.
Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.