Oil, Banks Lift European Stocks on Recovery Bets

Oil, Banks Lift European Stocks on Recovery Bets
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on Sept. 10, 2021. Staff/Reuters
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European stocks rose on Monday, with oil, banks and utility shares driving gains as investors hoped that a strong euro zone economic recovery would outweigh risks from a global slowdown.

The pan-European STOXX 600 index was up 0.4 percent after hitting a three-week low last week. Asian stocks, however, fell following news of fresh regulatory crackdown on Chinese firms.