European stock markets moved mostly higher on Monday as investors monitored rising oil prices and elevated bond yields following developments involving the Strait of Hormuz.
U.S. President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end the war, according to the source material.
France’s CAC 40 Index rose 0.6%, while the UK’s FTSE 100 Index gained 0.5% and Germany’s DAX Index advanced 0.2%.
Euro Trades Near Two-Month Low
The euro traded near a two-month low ahead of scheduled speeches from European Central Bank President Christine Lagarde and Bank of England Deputy Governor Dave Ramsden later in the day.
Investors continued to monitor developments in oil and bond markets alongside the outlook for European monetary policy.
Südzucker Raises 2026/27 Forecasts
In corporate news, German sugar producer Südzucker (TG:SZU) raised its revenue and operating core earnings forecasts for the 2026/27 financial year.
The company cited increasing demand for biofuels in raising its forecasts.
In London, shares of housebuilders Barratt Redrow (LSE:BTRW), Taylor Wimpey (LSE:TW.) and Persimmon (LSE:PSN) moved higher after the UK government said it would announce a scheme intended to assist first-time homebuyers in next month’s budget.
Tullow Oil and Entain Shares Decline
West Africa-focused oil and gas explorer Tullow Oil (LSE:TLW) shares fell after the company reported a wider first-half net loss due to higher refinancing costs.
Entain (LSE:ENT), the owner of Ladbrokes, also declined after lowering its revenue outlook following an executive-order ban in Brazil affecting online sports betting and gaming.
The moves came as broader European equity indexes remained higher during Monday’s session despite higher oil prices and elevated bond yields.
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