Steady start for Europe
STOXX 600 up 0.2%
Oil & gas sector leads gainers
Reckitt tumbles
Wall St futures higher
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STEADY START FOR EUROPE
European shares are cautiously higher on Monday, led by gains in the energy sector, with markets awaiting a hefty week of earnings, monetary policy decisions and top-tier data.
The STOXX 600 .STOXX is up 0.2%, supported by a 1.2% surge in oil and gas stocks .SXEP due to higher oil prices which have risen on fears of escalating conflict in the Middle East after a rocket strike in Israel-occupied Golan Heights at the weekend.
Britain's FTSE 100 .FTSE, which has a high weighting to the energy sector, is up 0.6% and slightly outperforming other major bourses. Germany's DAX .GDAXI is up 0.1% while France's CAC 40 .FCHI is down 0.3%.
In corporate news, Reckitt Benckiser RKT.L shares earlier fell to their lowest level since January 2013 after a jury ordered Abbott Labs ABT.N to pay a $495 million settlement in a baby formula case. Reckitt is a defendant in other similar cases.
Shares in Philips PHG.AS are up over 10% after earnings beat expectations.
Here's your opening snapshot:
(Samuel Indyk)
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FOR EARLIER LIVE MARKETS POSTS
EUROPEAN FUTURES HIGHER AS BUSY WEEK GETS UNDERWAY CLICK HERE
ASIA REBOUNDS ON DOVISH RATE HOPES CLICK HERE
European equities cautiously higher https://reut.rs/3StXMtL
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