European equity markets traded mostly higher on Monday as the U.S.-Israeli conflict with Iran moved into its third week and U.S. President Donald Trump urged allied nations to deploy naval escorts to secure shipping routes through the Strait of Hormuz.
Later in the day, foreign ministers from the European Union are scheduled to meet to discuss the possibility of a coordinated naval response to the effective shutdown of the strategic oil transit corridor.
Investors are also watching upcoming central bank meetings in the United States, the United Kingdom, Europe and Australia, as rising energy prices increase concerns about inflation.
In early trading, the U.K.’s FTSE 100 Index gained 0.7%, Germany’s DAX Index climbed 0.6% and France’s CAC 40 Index advanced 0.3%.
Shares of German lender Commerzbank (TG:CBK) jumped nearly 4% after Italy’s UniCredit launched a €35 billion ($40 billion) takeover proposal for the bank.
Tecan Group (TG:TEN) declined 4.3%. The Swiss laboratory automation company reported a net loss of CHF 110.7 million for the 2025 financial year and said it expects sales to grow in the low single-digit percentage range in local currencies during 2026.
Idorsia (TG:19T) plunged 12% after the pharmaceutical research firm announced that CEO Srishti Gupta will step down and leave the board of directors after less than a year in the role.
Meanwhile, U.K. construction materials producer Marshalls (LSE:MSLH) rose 2.4% after reporting a slight increase in revenue for 2025.
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