European shares start the week higher on autos, banks
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Eurofins Scientific drops on Muddy Waters short position
Germany's Hochtief heads STOXX on Jefferies upgrade
STOXX 600 up 0.7%
Updated at 1600 GMT
By Shashwat Chauhan, Jesus Calero and Shristi Achar A
June 24 (Reuters) -European equities advanced on Monday, led by gains in automobile and financial stocks, while investor attention focused on the first round of French parliamentary elections later this week.
The Europe-wide STOXX 600 .STOXX closed up 0.7%, slightly below a nearly two-week high hit earlier in the session.
Banks .SX7P rose 1.7% to lead sectoral gains, with Italian lenders such as BPER EMII.MI, UniCredit CRDI.MI and Monte dei Paschi di Siena BMPS.MI gaining between 3.8% and 4.9%.
Automobile shares .SXAP added 1.5% as the European Union and China agreed to hold talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs).
Ahead of the first round of France's parliamentary elections this week, polls show a lead for the far-right National Rally (RN) party and its allies. Previously analysts have feared a far-right government could spend recklessly, but analysts on Monday said the view had shifted.
The French benchmark .FCHI closed 1% higher on Monday.
"The weekend has brought new signals that the National Rally may not be as fiscally irresponsible as we and others have feared," noted global strategists at Macquarie.
The party's likely candidate for France's finance ministry, Jean-Philippe Tanguy said an RN-led government would end the decades-long practice of running high budget deficits and stick to the European Union's fiscal rules.
On the data front, German business morale unexpectedly fell in June following a survey that showed pessimistic expectations for Europe's largest economy.
"The optimism at the start of the year has given way to realism. The (latest) readings have illustrated that the German economy is still struggling to gain more momentum," Carsten Brzeski, global head of macro at ING, said.
The data follows last week's weak readings on German and broader euro zone business activity.
European shares recouped some losses last week, following the French election shock-induced drop earlier this month. However gained were checked as a rally in technology stocks faded.
Among other stocks, Hochtief HOTG.DE climbed by nearly 10% as Jefferies upgraded the German construction firm to "buy" from "hold", citing the company's growing exposure to high-tech infrastructure projects.
Belgian pharmaceutical company argenx ARGX.BR jumped 9% after it said the U.S. FDA approved Vyvgart Hytrulo, a treatment for chronic inflammatory demyelinating polyneuropathy.
UK's Prudential PRU.L added 7.3% after the insurance group launched a $2 billion share buyback programme.
Eurofins Scientific EUFI.PA, however, plunged 16.1% to the bottom of the benchmark index after short seller Muddy Waters said it has a short position on the French testing company.
Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru and Jesus Calero in Gdansk; Editing by Sohini Goswami and Barbara Lewis
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
