Doha: European shares recorded a rise of nearly 1 percent on Monday, supported by the strong performance of the banking and defense sectors, at a time when investors continued to evaluate the recent corporate earnings results and their implications for sectors and the European economy.
According to Qatar News Agency, the STOXX 600 European index rose by 0.9 percent, reaching 571.05 points, and the other major European indices also increased. The banking sector was at the forefront of the gainers, after rising by 1.6 percent, recovering from a 2.5 percent decline recorded on Friday.
The aerospace and defense sector also rose by 2.1 percent, recovering some of the sharp losses it incurred in the previous session. On the other hand, shares of the Swedish military-equipment company 'Saab' rose by 3.1 percent, while the French luxury-goods company 'Kering' jumped by 4.2 percent. As for the French auto-parts supplier 'Forvia,' its share declined by 6 percent.