European benchmarks snapped a near weeklong losing streak Monday as the flames coming off of the White House's spat with North Korea appeared to fan themselves out and markets were gifted with an absence of adverse corporate or economic news.
Losses stemming from concerns over a possible escalation of tension between the U.S. and North Korea saw some segments of European stock markets post their worst week for 2017 so far, finishing Friday.
However, civil unrest in Charlottesville, Va., over the weekend may have helped to soak up some of the attention that had previously been focused on increasingly stern rhetoric emerging from Washington over North Korea's missile program and threats against U.S. territory.
The FTSE 100 was 0.70% higher at 7,358 just an hour off from the close in London while the CAC 40 in Paris had gained 1.12% to 5,117. In Frankfurt, the DAX was up 1.30% to 12,170 while, in Southern Europe, both the IBEX in Madrid and the FTSE MIB in Milan each posted returns in excess of 1.5%.
In individual stocks, Anglo American (NGLOY) , BHP Billiton (BHP) and Glencore (GLNCF) all gained strongly in London, rising between 2% and 2.9%, on the back of Chinese industrial data released overnight in the Asia session.
All headline numbers for the major Chinese economic data releases came in below expectations although the steel industry was a notable pocket of strength, with output rising solidly during the first seven months of the year.