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Steady start for Europe



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>LIVE MARKETS-Steady start for Europe</title></head><body>

STOXX 600 up 0.2%

Oil & gas sector leads gainers

Reckitt tumbles

Wall St futures higher

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com



STEADY START FOR EUROPE

European shares are cautiously higher on Monday, led by gains in the energy sector, with markets awaiting a hefty week of earnings, monetary policy decisions and top-tier data.

The STOXX 600 .STOXX is up 0.2%, supported by a 1.2% surge in oil and gas stocks .SXEP due to higher oil prices which have risen on fears of escalating conflict in the Middle East after a rocket strike in Israel-occupied Golan Heights at the weekend.

Britain's FTSE 100 .FTSE, which has a high weighting to the energy sector, is up 0.6% and slightly outperforming other major bourses. Germany's DAX .GDAXI is up 0.1% while France's CAC 40 .FCHI is down 0.3%.

In corporate news, Reckitt Benckiser RKT.L shares earlier fell to their lowest level since January 2013 after a jury ordered Abbott Labs ABT.N to pay a $495 million settlement in a baby formula case. Reckitt is a defendant in other similar cases.

Shares in Philips PHG.AS are up over 10% after earnings beat expectations.

Here's your opening snapshot:


(Samuel Indyk)

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FOR EARLIER LIVE MARKETS POSTS

EUROPEAN FUTURES HIGHER AS BUSY WEEK GETS UNDERWAY CLICK HERE

ASIA REBOUNDS ON DOVISH RATE HOPES CLICK HERE


European equities cautiously higher https://reut.rs/3StXMtL

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