European equities traded mostly higher on Monday, rebounding after declines recorded in the previous two trading sessions.
With the joint U.S.-Israeli military campaign in Iran entering its second month, French central bank governor François Villeroy de Galhau said the European Central Bank stands ready to intervene if necessary, though he emphasized that it is still too early to discuss the timing of potential interest rate increases.
Oil markets also remained in focus, with Brent crude rising about 2% during European trading as efforts to resolve the month-long conflict in the Middle East have yet to produce meaningful progress.
Among the major indices, the U.K.’s FTSE 100 climbed 1.1%, while France’s CAC 40 and Germany’s DAX each advanced around 0.4%.
Shares of Italian automaker Stellantis (BIT:STLAM) moved slightly higher after the company confirmed the extension and expansion of its long-standing collaboration with Palantir Technologies.
GSK (LSE:GSK) also posted gains after its asthma treatment Exdensur received regulatory approval in China.
Mining giant Rio Tinto (LSE:RIO) rose in London trading as well, after the company reported that three of its four Pilbara iron ore port terminals had resumed operations following the passage of Tropical Cyclone Narelle across Western Australia’s Pilbara region.
By contrast, shares of INWIT (BIT:INW) declined after Telecom Italia decided not to proceed with renewing a mobile network agreement with the tower infrastructure group.
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