European markets trade higher as new trading week get underway; luxury, mining stocks rise on China stimulus hopes

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Breaking News: Europe News

STOXX 600,Germany,France

European markets were slightly higher on Monday as the new trading week kicked off.

was trading around 0.27% higher by 1:40 p.m. in London in a choppy session as major regional bourses and sectors traded mixed."more proactive" fiscal measures and "moderately" looser monetary policy for next year, moves which could boost domestic consumption.Traders will also be assessing geopolitical upheaval in the Middle East after the ousting of Syrian President Bashar al-Assad over the weekend.

Several rounds of talks — between the works council and union on one side, and the business on the other — have failed, with the works council and union saying they would not accept wage cuts or plant closures. A counter-proposal from the union was meanwhileThe Chinese government said on Monday that its State Administration for Market Regulation launched a probe into Nvidia. It comes amid a big year for shares, with the stock up more than 187% in 2024.

HelloFresh on Monday in a statement told CNBC it was "deeply troubled to learn of the allegations made against a former temporary staffing agency, Midway Staffing.""As soon as we learned of these allegations, we immediately terminated the relationship. HelloFresh and Factor have strict protocols in place to ensure all vendors follow our robust global ethics and compliance policies.

"This month's decline in confidence is likely to reflect businesses' immediate reaction to announcements in the Autumn Budget," BDO added.China's consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday.

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