Europe's STOXX 600 gains as tech rallies, oil retreat eases nerves

Business Recorder reported that European shares advanced on Monday, with technology names providing the main lift. The pan-European STOXX 600 stood 0.56% higher at 638.98 points by 0710 GMT, recovering from a 0.6% dip in the previous week. Most regional exchanges were also trading in positive territory.

Energy shares retreated 0.62 per cent as crude prices kept easing, with reports indicating greater Gulf supply flows than had been anticipated despite the Middle East conflict. Travel stocks, including airlines, benefited from cheaper fuel and rose 0.86 per cent. Chip-linked companies drove technology gains of roughly 2 per cent, with Soitec and Aixtron among the names cited.

Investors also weighed German state election projections, which pointed to the far-right AfD finishing as the largest party in northeastern Germany, alongside Swedish data on long-term inflation expectations. Attention shifts to the Trump and Xi Jinping meeting later this week, which could offer insight into trade ties and the global economic outlook. Among single stocks, AstraZeneca dipped 0.32 per cent even though its cancer drug Enhertu was recommended for EU approval in early breast cancer, while Nordnet rose 4.6 per cent after announcing a buyback.