(RTTNews) - European stocks closed on a firm note on Monday as bond yields dropped and investors digested some corporate news, while looking ahead to fresh economic data, the U.S. Presidential debate, and France's snap parliamentary polls. Expectations of interest rate cuts by central banks helped underpin sentiment. The pan European Stoxx 600 climbed 0.73%. The U.K.'s FTSE 100 gained 0.53%, Germa...
(RTTNews) - European stocks closed on a firm note on Monday as bond yields dropped and investors digested some corporate news, while looking ahead to fresh economic data, the U.S. Presidential debate, and France's snap parliamentary polls. Expectations of interest rate cuts by central banks helped underpin sentiment. The pan European Stoxx 600 climbed 0.73%. The U.K.'s FTSE 100 gained 0.53%, Germany's DAX and France's CAC 40 ended higher by 0.89% and 1.03%, respectively. Switzerland's SMI rallied 1.2%. Among other markets in Europe, Austria, Belgium, Denmark, Finland, Norway, Poland, Portugal, Spain and Sweden ended with sharp to moderate gains. Iceland and Netherlands edged up marginally. Russia closed notably lower, while Turkiye ended slightly down. In the UK market, Prudential climbed 7.3% after the insurer launched a $2 billion share buyback program. Frasers Group climbed about 4% after it announced that it is on track to meet its guidance and struck a partnership with the THG tech platform. Burberry Group, Antofagasta, JD Sports Fashion, BT Group, WPP and Associated British Foods gained 2 to 4%. IMI, British American Tobacco, Ashtead Group, Phoenix Group Holdings, Convatec Group, St. James's Place, Halma, Next and Segro also ended with strong gains. Berkeley Group Holdings ended down by about 2.1%. National Grid, Smurfit Kappa Group, Auto Trader Group, Smith & Nephew, Sainsbury (J), B&M European Value Retail, 3i Group and Marks & Spencer also ended notably lower. In the German market, automakers rallied after China and the European Union have agreed to start talks on the bloc's plans to impose tariffs on electric vehicles imported from the Asian nation. Covestro rallied 5%. Siemens Energy gained about 4%. Fresenius Medical Care, BMW, Deutsche Bank, Sartorius, Bayer, BASF and Brenntag gained 2 to 3%. Daimler Truck Holding, Siemens, Porsche, HeidelbergCement, Henkel and Symrise also moved up sharply. Zalando dropped nearly 4% after Morgan Stanley cut its rating ...