European markets started the day positively as investors shifted focus to the ongoing Middle East conflict, while also preparing for key central bank meetings this week, including the Federal Reserve and the G7 summit in Canada.
The Stoxx 600 index opened with a 0.15% gain and has since risen to 0.16%, reaching 545.80 points.
The British FTSE 100 increased by 0.23%, the German DAX rose by 0.29%, the French CAC 40 climbed 0.44%, the Italian FTSE MIB went up by 0.61%, and the Spanish IBEX 35 surged 0.75%.
Markets are recovering from Friday’s downturn, which resulted from airstrikes between Israel and Iran, heightening concerns over a potentially extended and deadly conflict.
European oil and gas stocks within the Stoxx 600 gained 1.1% due to rising crude prices.
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