- European shares climbed on Monday, with investor optimism over interest rate cuts globally back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit.was up 0.2%, as of 0720 GMT, with energy leading sectoral gains as oil prices rose after Saudi Arabia hiked June crude prices for most regions and as prospects of a Gaza ceasefire deal appeared slim.Shares of Indra jumped 8.
Debt-laden French IT company Atos advanced 4% after announcing four distinct investor offers for debt restructuring and cash infusion. A media report showed European Central Bank Chief Economist Philip Lane noted a stronger case for June rate cut on easing services inflation, while Friday's softer-than-expected U.S. jobs report renewed bets that the Federal Reserve would most likely ease rates this year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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