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Europe stocks higher as investors shake off negative sentiment; France's CAC 40 up 1%

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European markets opened higher Monday as investors shook off negative sentiment from last week.

LONDON — European markets were higher Monday as investors shook off negative sentiment from last week and looked ahead to the latest interest rate decision from the Bank of England.in early deals, with all major bourses and the majority of sectors in the green. Travel and leisure stocks led gains, up 1.6%, while mining stocks fell 0.3%.

France's CAC 40 rose 0.8%, recovering from some of last week's losses even as investors weigh the possibility of victory for the populist, far-right National Rally party, following French President Emmanuel Macron'sto call domestic parliamentary elections. The index fell more than 6.2% last week, marking its worst weekly loss since March 2022.

Investors are looking ahead to the Bank of England's policy rate decision on Thursday. The Bank is widely expected to hold rates steady at 5.25%, with the majority of Elsewhere, Italy releases its latest inflation print Monday. There are no major corporate earnings due.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly

 

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