European stocks start the week in positive territory as markets look to regain momentum

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.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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