European shares bounce as cyclicals, growth stocks find footing

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The pan-European STOXX 600 index added 0.8%, steadying after snapping two weeks of gains on Friday.

Miners, technology and autos, among the hardest hit in the previous week, led early gains on Monday.

Focus shifts to a key inflation data from the world’s biggest economy later in the week, after global stock markets were spooked by data on Friday that showed a large increase in U.S. employment.

Among other stocks, French utility company Veolia rose 3.3% as it confirmed it would sell Suez’s UK waste business to Australia’s Macquarie Group (OTC:MQBKY) Ltd for around 2.4 billion euros ($2.4 billion).