FX.co ★ European Stocks Kick Off the Week Higher

European equities began the week positively, with the STOXX 50 inching up by 0.2% and the broader STOXX 600 climbing 0.4%, breaking a five-day losing streak. Despite this uptick, market sentiment remains wary as investors keep a vigilant eye on the intensifying conflict between Israel and Iran, with hostilities persisting for a fourth straight day on Monday despite global calls for peace. Concurrently, at the G7 summit in Canada, world leaders underscored the urgency of diplomatic endeavors to address the Middle East crisis. The markets are also gearing up for a critical week in monetary policy, anticipating statements from the Federal Reserve, the Bank of Japan, and the Bank of England. In corporate moves, Kering shares soared by over 7% amid speculation that Renault CEO Luca de Meo could be appointed as the new leader of the luxury goods company. In contrast, Renault shares dipped nearly 5% on the back of this news.