Europe’s Stoxx 600 index stood at 465.44 points, as of 0707 GMT, after falling last week as major central banks raised interest rates and raised concerns about the US banking sector.
Turning to European economic data, industrial production in Germany fell more than expected last March, due to a sharp decline in the automotive industry, according to data released by the German Federal Statistical Office.
And Germany’s statistics office said on Monday that the country’s industrial production fell 3.4% in March, compared with growth it had recorded the previous month at 2.1%.
Markets fear that the US debt ceiling crisis may be resolved. US Treasury Secretary Janet Yellen has warned of impending catastrophe threatening the global economy if the White House and Republicans in Congress fail to reach an agreement on raising the debt ceiling.
In stock performance, shares of pharmaceutical company “Novo Nordisk” rose 2.3% and shares of energy companies rose 0.6%, after being among the biggest losers last week, and the share of the German company “Rational” for the manufacture of kitchen equipment fell by 2%.
London’s stock markets are closed for a holiday following the coronation of King Charles on Saturday.
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