Smooth sailing
STOXX 600 up 0.2%
BT shares up on Drahi stake sale
Volatility ebbs
Wall St futures edge up
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SMOOTH SAILING
European equity markets are a beacon of calm on Monday after the bouts of volatility seen during the previous few weeks.
The pan-European STOXX 600 .STOXX is up 0.2%, having gained 0.3% last week. The index is on track for its fifth straight positive day.
Germany's DAX .GDAXI, France's CAC 40 .FCHI and Britain's FTSE 100 .FTSE are gaining between 0.1% and 0.5%.
In a sign of relative calm, the Euro STOXX volatility index .V2TX, which spiked above 40 last week, was back below 20.
The insurance sector .SXIP leads the way higher, up 0.8%, in a busy earnings week for the sector, with reports due from Aviva AV.L, Talanx TLXGn.DE, NN Group NN.AS and Admiral ADML.L.
Upbeat earnings from reinsurer Hannover Re HNRGn.DE have lifted its shares over 5% on Monday.
Shares in BT BT.L are up 6.5% after Bharti Enterprises agreed to buy Patrick Drahi's stake in the telecoms company, worth about 3.2 billion pounds.
Here's your opening snapshot:
(Samuel Indyk)
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FOR MONDAY'S OTHER LIVE MARKETS POSTS:
FUTURES IN THE GREEN CLICK HERE
MARKETS SHIFT TO HOLIDAY MOODCLICK HERE
European equities steadily higher https://reut.rs/3yMqn6S
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