European stock markets traded mostly higher on Monday, supported by the latest round of quarterly earnings and expectations that the U.S. Federal Reserve will delay tapering its asset purchases.
The Stoxx Europe 600 index gained 0.1% to 320.40, recovering from a small loss on Friday.
Among country-specific indexes in Europe, the U.K.’s FTSE 100 index added 0.06%, while Germany’s DAX 30 index picked up 0. 1% and France’s CAC 40 index dropped 0.34%.
The UK market was supported also after an industry report showed U.K. house prices increased for a ninth month in October. Average home values in England and Wales rose 0.5% this month, matching September’s increase, Hometrack said in a statement. Annual price inflation accelerated to 3.1%, the most since November 2007, according to the London-based property researcher.
Shares of TNT Express NV climbed 3.5% after the Dutch parcel-delivery firm said it will take further steps to improve its business as market conditions continue to be challenging.
Shares of Assa Abloy AB rose 3.1% after the Swedish lock-maker reported a 5% rise in third-quarter sales.
On a more downbeat note, shares of Gemalto NV lost 2.3% after Credit Suisse cut the digital-security firm to neutral from outperform and lowed revenue estimates.
Reports today may show U.S. industrial production rose 0.4% in September, while pending home sales were little changed, according to economists.
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