European benchmarks edged higher during early trading Monday, boosted by better-than-expected U.S. jobs numbers released last Friday, bolstering optimism about economic growth in the world's biggest economy.
The FTSE 100 gained 0.19% to 7,529 in London while the DAX added 0.08% to 12,314 in Frankfurt. France's CAC 40 gained 0.24% to 5,214 while, in Madrid, the IBEX was up by 0.21% to 10,690.
U.S. markets looked set for a positive open. Dow Jones Industrial Average futures were up 0.20% and S&P 500 mini futures were up 0.16%, despite growing tension between the U.S. and North Korea.
In the economic sphere German industrial production slid 1.1% during June, according to Detatis data released during the early hours, marking the first fall in industrial activity for Europe's largest economy in the year to date.
Barratt and Taylor Wimpey pared some of last week's steep losses, which came about in the face of a report that the government is considering ending its Help to Buy scheme, which is a government program that provides home buyers with help to build a mortgage deposit.
Mining stocks pushed higher on the back of nascent optimism over the outlook for the global economy and a strong open for metals prices in London, with aluminum, copper, iron ore, lead and nickel all posting gains during early trading.
In the same vein, steel and industrial equipment makers were some of the biggest gainers in Europe, with ArcelorMittal (MT) trading more than 2% higher in Paris and Thyssenkrupp (TYEKF) rising to the top of the DAX in Frankfurt after adding around 1%.
In Italy, the NPL-laden Banco BPM (BPSAF) saw its stock rise 3.2% and to the top of the FTSE MIB after it said it will sell its asset management unit to Anima for a possible total price of €950 million ($1.12 billion).
Later in the week, Mylan NV (MYL) , Janus Henderson (JHG) and Interserv (ISVJY) are due to release second quarter or half year reports in London. Franfurt, Thyssenkrupp and Innogy are also among a number of companies set to update the market. #
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