Doha: European stocks closed higher Monday, boosted by gains in energy and healthcare stocks, as investors focused on fiscal reforms in Germany and the Russia-Ukraine war. The pan-European Stoxx 600 index closed 0.8 percent higher, kicking off the week on a positive note.
According to Qatar News Agency, the index extended gains from last Friday, when it recorded its biggest gain in more than a month after German political parties reached a historic agreement to increase government borrowing. The oil and gas sector led the gains, rising 1.5 percent, while healthcare stocks rose 1.4 percent, posting gains for the fourth consecutive session and their longest winning streak since late January.
Investors are also focused on talks between Russian President Vladimir Putin and his US counterpart, Donald Trump, on Tuesday, as an end to the conflict between Russia and Ukraine is expected to lead to lower energy costs across Europe.