(C) Reuters. FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt
(Reuters) – A spate of dealmaking activity lifted European stocks in early trade on Monday along with an upbeat global mood on positive updates of U.S. President Donald Trump’s health.
The pan-European STOXX 600 index (STOXX) rose 0.7% by 0717 GMT, adding to a near-2% gain last week.
Oil majors Royal Dutch Shell (L:RDSa), BP (L:BP) and Total (PA:TOTF) gained nearly 2%, with crude prices climbing after an easing of the worst fears about Trump’s health condition and an expanding workers’ strike in Norway, Western Europe’s largest oil producer. [O/R]
German fertiliser group K+S (DE:SDFGn) jumped 13.5% after Bloomberg reported it was in advanced talks to sell its Morton Salt unit to Kissner Group for about $3 billion.
Dealmaking, Trump’s health update boost European stocks
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