The pan-European STOXX 600 index rose on Monday, driven by strong gains in the travel and leisure sectors, amid expectations of important US inflation data this week and a series of economic data from the euro zone.
By 0715 GMT, the pan-European STOXX 600 index was up 0.1%. The index hit a record high on Friday and posted its biggest weekly gain since late January, up 3%, on a slew of strong earnings.
Markets are awaiting the release of US inflation data including producer price indices and consumer prices on Tuesday and Wednesday, and the release of final inflation data in the euro zone and first-quarter GDP data later in the week for insights into expectations about the path of monetary policy in the world.
Travel and leisure sectors recorded the highest gains among sectors, while the construction and raw materials sub-index recorded the worst performance.
Shares in shipping group Maersk jumped 8.1% to the top of the STOXX 600 index as trading resumed after two days.
Italian medical diagnostics group Diasuren rose 2.3%, posting a second straight session of gains after reporting first-quarter earnings on Friday.
Shares of German consumer electronics maker Sconomy rose 4% after reporting full-year earnings that beat expectations.
