European stock markets were little changed on Monday, closing up.
The FTSE 100 rose 0.23% to 6,809.13. The Dax rose 0.63% to 10,432.36 while the Cac 40 in Paris rose 0.11% to 4,415.46. Euro Stoxx 50 edged up 0.31% to 2,982.92.
Banks and mining stocks led the risers, with Barclays (BCS) was up 3.55%, Royal Bank of Scotland (RBS) gained 3.55%, and Lloyds (LYG) up 2.63%. BHP Billiton (BHP) rose 3.3%, while Rio Tinto (RIO) rose 1.65%.
Across Europe, Deutsche Bank (DB - Get Report) rose 3.05% in Frankfurt, BNP Paribas (BNPQY) and SocGen (SCGLY) rose 1.2% in Paris, and in Milan UniCredit (UNCFF) rose 2.8%. Raiffeisen Bank, which was among the poorest performers in recent European Banking Authority stress tests, rose 1.6% in Vienna.
The Italian banks shrugged off news late on Friday that Canadian rating agency DBRS placed Italy on a negative credit watch, though Italian 10-year government bond yields were recently up 2 basis points at 1.15%.
Airbus (EADSY) shares dropped 1.3% after the U.K. Serious Fraud Office said it has opened a criminal investigation on allegations of fraud, bribery and corruption in the civil aviation business of the aircraft firm.
In London industrial investor Melrose jumped 13% after it said a go-shop period at agreed bid target Nortek (NTK) had expired without the ventilation systems maker receiving a rival offer.
In Frankfurt Steinhoff International was 2.4% after surprising investors with a $3.8 billion bid for Houston-based Mattress Firm (MFRM) . The takeover would be the first in the U.S. for the South African retailer.
West Texas intermediate was recently up 1.25% at $43.05 a barrel.
German industrial output increased by a better than expected 0.8% in June from a month earlier, the Federal Statistical Office reported. The figures bode well for a eurozone output report due out on Friday.
Meanwhile the Bank of France's monthly index of business activity pointed to French economic expansion of 0.3% in the third quarter after the economy stagnated in the second quarter.
The central bank's business confidence index edged up to 98 in July, up from 97 in June and slightly above the 97 forecast.
The euro was recently down 0.05% against the dollar at $1.1080.