European stocks rise across the board, led by commodities

European stocks climbed Monday, with the trading week opening with broad-based gains led by commodity shares and retailers. The Stoxx Europe 600 leapt 0.8% to 391.56, with investors picking up shares of oil and gas and mining stocks. Such moves were also aiding gains for the U.K.’s FTSE 100 , which rose 0.8% to 7,525.61. Topping the Stoxx 600 was Ocado Group PLC , rising 6.4% as the British online grocery company is considered a takeover target in the wake of Amazon.com Inc.’s deal last week to buy upscale grocery chain Whole Foods Market Inc. . In Brussels Monday, U.K. officials will begin Brexit talks with European officials. France’s CAC 40 popped up 1% to 5,317.71, after French President Emmanuel Macron’s upstart party won a strong majority in parliamentary elections on Sunday. Germany’s DAX 30 moved higher by 0.8% to 12,860.98, on course to notch a record close.

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From:: Stock Market News

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