European Stocks Start Week Higher

European stocks advanced on Monday, with the Stoxx 50 up 0.5% and the Stoxx 600 gaining 0.3%, supported by a rebound in mining shares after President Donald Trump said trade relations with China “will all be fine.” 

The Stoxx 600 Basic Materials Index rose 2.4%, with Fresnillo jumping 9.5%, Antofagasta 5.1%, Aurubis 3.7%, and Anglo American over 3%, as Trump’s comments eased fears of a steep tariff hike on Chinese goods.

Semiconductor maker ASML climbed 3.2% after the Dutch government took control of Nexperia, a Chinese-owned firm, to safeguard chip supplies amid rising trade tensions.

In banking, Lloyds rose nearly 1% after setting aside an additional £800 million for car finance mis-selling compensation, bringing its total provisions to £2 billion.

AstraZeneca slipped 0.3% after agreeing to lower US drug prices in exchange for tariff relief.

In France, newly reappointed Prime Minister Sebastien Lecornu named Roland Lescure as finance minister ahead of new budget plans.