European shares rose on Monday as investors prepared for interest rate decisions from the European Central Bank and US Federal Reserve, alongside a busy week of corporate earnings and economic data.
The STOXX 600 gained 0.4% to 638.45 points by 10:50 GMT, recovering from last week’s decline. Germany’s DAX rose 0.9% after business confidence improved more than expected.
Travel and leisure stocks gained 1.6% as oil prices eased, while energy shares fell 1.5%. Genmab rose 13.7% after positive clinical trial results, and Computacenter gained 9.5% after raising its annual profit guidance. Galp Energia fell 9.7% after talks to combine refining, chemicals and fuel retail operations with Moeve collapsed.
Investors are watching Thursday’s ECB decision and the Federal Reserve meeting later in the week. Both central banks are widely expected to hold interest rates steady, with attention focused on their outlook for inflation and borrowing costs.
European markets will also assess upcoming growth and inflation data, alongside further company results, for signs of economic strength and earnings resilience.
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