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The pan-European STOXX (STOXX) index rose 0.8% by 0720 GMT, with banks (SX7P), automakers (SXAP) and oil & gas (SXEP) rising between 1.2% and 2.0%.
Miners (SXPP) gained 2.0% on optimism over China’s recovery and surging metal prices. [.SS] [MET/L]
Global investor sentiment also brightened at the start of a week that kicks off the U.S. and European quarterly earnings season and includes a summit over the European Union recovery fund and a European Central Bank policy meeting.
Finnish valves maker Neles (HE:NELES) jumped 35.8% to the top of STOXX 600 after Swedish industrial group Alfa Laval (ST:ALFA) announced a recommended 1.73 billion euro ($1.96 billion) cash bid.
Nordic bank DNB (OL:DNB) rose 9.0% and Nordic Semiconductor (OL:NOD) gained 7.7% following better-than-expected earnings reports.
