Oil producers rose on a swing higher in oil prices, and luxury-goods retailers recovered some recent losses as European stocks traded higher on Monday.
After its worst week since Feb. 26, the Stoxx Europe 600
rose 0.5% to 471.16.
Luxury-goods makers Kering
and LVMH Moet Hennessy
both advanced, following the stumble last week after China President Xi Jinping said the country would tackle income inequality.
was the biggest Stoxx 600 gainer, up 15% after the Sunday Times said Apollo was weighing whether to make a bid for the grocery chain, or join a consortium led by Fortress that’s considering a counterbid for rival Wm Morrison Supermarkets
Cembra Money Bank
dived 29% after saying the ending of a credit-card partnership with retailer Migros will hit next year’s profits by 10% to 15%.