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European stocks advance on strong Chinese economic data

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European stocks advance, helped by better-than-expected Chinese data

Banks including BNP Paribas BNP, +1.24% and oil producers including BP BP, +1.56% led the advance.

U.S. stock futures ES00, +0.34% also were stronger. Two measures of Chinese manufacturing sentiment released overnight showed improvement in November. In addition, the final reading of the eurozone manufacturing PMI was narrowly revised higher. Similar data is due from the U.S. later on Monday. Ocado last week said it expects an additional £25 million of operating costs for the fiscal 2020 year, to support its Ocado Solutions and a new partnership for Japanese grocery.

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