The pan-European STOXX 600 index gained 0.6% in early trading, after U.S. markets rebounded strongly late last week.
Asian markets and Wall Street futures were, however, weaker on Monday as the U.S. Senate passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and a jump in Brent crude futures above $70 a barrel for the first time since the COVID-19 pandemic began stoked concerns about inflation.
The oil & gas sector jumped 1.0% in Europe, while travel & leisure and banks gained more than 1.3% each. Cruise operator Carnival was the top gainer on STOXX 600, up 6.0%, while British education group Pearson slid almost 5% after reporting a drop in 2020 revenue and adjusted operating profit.
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