European Markets Close Higher as Stocks Start the Week on a Positive Note
European stocks closed higher on Monday, shrugging off last week's negative sentiment.
The pan-European Stoxx 600 index provisionally closed 0.76% higher, with most sectors finishing the day in the green. Travel and leisure stocks led gains, up 2.18%, while banks added 1.17%.
All major regional bourses also closed higher, with the U.K.'s FTSE 100 rising 1.09%.
Burberry shares fell more than 7% at one point before closing 4.86% lower as luxury stocks pulled back amid waning fortunes for the sector. The British fashion house was last week relegated from the FTSE 100 index following a steep decline in its share price on weak demand. Shares of Hugo Boss and Kering also both pulled back on Monday.
Source : CNBC