Travel stocks led the way higher for European stocks on Monday after a key official said transatlantic travel may soon resume.
Gainers included aircraft engine maker Rolls-Royce RR, +4.09%, which rose 4%, and airlines Deutsche Lufthansa LHA, +3.09% and International Airlines Group IAG, +4.00%. European Commission President Ursula von der Leyen said fully vaccinated Americans should be able to travel to Europe over the summer.
The stock market was unbothered by a weaker-than-forecast 0.2-point rise in the Ifo business climate index for Germany.
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