European Stocks Rise Ahead of New Earnings Season, on Deals Talk
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European equities rose on Monday as investors focused on the start of a new earnings season that Morgan Stanley said should show a robust profit recovery.
The Stoxx Europe 600 index added 0.7% by the close in London, led by utilities, technology and automakers. Dutch phone company Royal KPN NV surged 6.8% after a Bloomberg News report that EQT AB, the European private equity firm, is considering its takeover. SimCorp A/S jumped 5.4% to a record high after the software firm signed a term sheet for a contract with State Street.