European Markets Start The Week on a Positive Note
European stocks were higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets.
The pan-European Stoxx 600 index was up 0.67% by 8:41 a.m. London time, with all sectors and major bourses trading in the green. Travel and leisure stocks led gains, up 1.69%, while tech was also 1.14% higher.
The higher open for regional markets comes after a lackluster start to the new trading week in the Asia-Pacific region. Markets there fell overnight, with Japan's Nikkei 225 leading losses in the region, after the weaker-than-expected U.S. jobs report on Friday.
U.S. nonfarm payrolls rose by 142,000, missing a 161,000 gain estimated by economists polled by Dow Jones. On the other hand, the unemployment rate edged down to 4.2%, in line with expectations. The data has stoked fears of a slowing labor market in the U.S.
Source : CNBC