European stocks rise on China optimism

European shares rose on Monday, echoing an upbeat mood in Asia as investors were optimistic that a series of stimulus from China will support its slowing economy, while drugmaker Novo Nordisk’s shares hit a fresh record high.

The pan-European STOXX 600 index (.STOXX) rose 0.6% by 0720 GMT, following a three-session losing run.

Miners (.SXPP) rose 1.3%, leading gains among European sectors, as iron ore futures rallied amid optimism over top steel producer China’s policy support for its struggling property sector.

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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