European
stock markets logged broad-based gains on Monday, as a rally in oil
prices and some metals prices calmed investor nerves after the recent
commodity rout.
The Stoxx Europe 600 index jumped 1.6% to 331.72, setting it on track for the highest closing level since early February.
Elsewhere, Germany’s DAX 30 index rose 2% to 9,576.33, while France’s CAC 40 index % gained 1.8% to 4,298.08.
The
jump in oil prices help lift European energy companies. Shares of
Tullow Oil PLC gained 5.4%, Seadrill Ltd. climbed 3.1%, and heavyweight
Total SA added 1.6%.
Source: MarketWatch
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