Investing.com – European stocks were up on Monday, led higher by gains among oil and gas companies, as well as auto manufacturers and in the wake of the weekend’s G-20 summit meeting.
During European morning trade, the EURO STOXX 50 climbed 1.02%; France’s CAC 40 also increased 1.02% and Germany's DAX gained 1.09%.
Early Sunday, the Group of 20 developed and developing nations announced it had allowed more time for the banking sector to adopt strict new regulations designed to safeguard against a future financial crisis.
The leaders also pledged to halve budget deficits by 2013 and stabilize their debt-to- output ratios by 2016.
In London, the FTSE 100 rose 0.28% with Premier Oil Plc advancing 8.2% as a well in the North Sea encountered oil-bearing sandstones. BP Plc also gained as looked set to meet its August deadline for capping the oil leak in the Gulf of Mexico.
Auto manufacturers, PSA Peugeot Citroen climbed 2.2% following reports that France’s biggest carmaker had lifted its sales target for the new model.
The outlook for U.S. equity markets, meanwhile, was rosy: Dow Jones Industrial Average futures indicated an increase of 0.38%, S&P 500 futures pointed to a gain of 0.54% and Nasdaq 100 futures indicated a rise of 0.44%.
Later in the day, the U.S. was to publish a report on personal consumption expenditures, which describes consumer spending, as well as data on personal spending and income.
During European morning trade, the EURO STOXX 50 climbed 1.02%; France’s CAC 40 also increased 1.02% and Germany's DAX gained 1.09%.
Early Sunday, the Group of 20 developed and developing nations announced it had allowed more time for the banking sector to adopt strict new regulations designed to safeguard against a future financial crisis.
The leaders also pledged to halve budget deficits by 2013 and stabilize their debt-to- output ratios by 2016.
In London, the FTSE 100 rose 0.28% with Premier Oil Plc advancing 8.2% as a well in the North Sea encountered oil-bearing sandstones. BP Plc also gained as looked set to meet its August deadline for capping the oil leak in the Gulf of Mexico.
Auto manufacturers, PSA Peugeot Citroen climbed 2.2% following reports that France’s biggest carmaker had lifted its sales target for the new model.
The outlook for U.S. equity markets, meanwhile, was rosy: Dow Jones Industrial Average futures indicated an increase of 0.38%, S&P 500 futures pointed to a gain of 0.54% and Nasdaq 100 futures indicated a rise of 0.44%.
Later in the day, the U.S. was to publish a report on personal consumption expenditures, which describes consumer spending, as well as data on personal spending and income.