Investing.com - European stocks were mostly higher on Monday, as hopes for a new bailout deal for Greece boosted market sentiment.
During European morning trade, the EURO STOXX 50 edged up 0.16%, France’s CAC 40 gained 0.18%, while Germany’s DAX 30 added 0.15%.
European equities strengthened amid reports that negotiations between Greece and its international creditors over a new bailout deal worth €86 billion should conclude by early Tuesday.
Financial stocks were mixed, as Societe Generale (PARIS:SOGN) added 0.17% and BNP Paribas (PARIS:BNPP) slipped 0.12% in France, while Commerzbank (XETRA:CBKG) declined 0.60% and Deutsche Bank (XETRA:DBKGn) dipped 0.02% in Germany.
Among peripheral lenders, Italy's Unicredit (MILAN:CRDI) and Intesa Sanpaolo (MILAN:ISP) advanced 0.72% and 0.70% respectively, while Banco Santander (MADRID:SAN) eased 0.02% and BBVA (MADRID:BBVA) inched up 0.05% in Spain.
Elsewhere, Airbus Group (PARIS:AIR) saw shares rally 1.38% after saying it received 26 new aircraft orders in July.
German insurer Allianz (XETRA:ALVG) added to gains, climbing 1.35% as it forecast earnings at the top end of its target range this year on Friday and said it beat expectations in the second quarter.
In London, commodity-heavy FTSE 100 slid 0.35%, weighed by sharp losses in the mining sector.
Shares in Rio Tinto (LONDON:RIO) lost 1.36% and Antofagasta (LONDON:ANTO) tumbled 1.57%, while rivals Anglo American (LONDON:AAL) and Bhp Billiton (LONDON:BLT) plummeted 1.74% and 2.23% respectively.
Financial stocks were also broadly lower, as Barclays (LONDON:BARC) dropped 0.95% and HSBC Holdings (LONDON:HSBA) tumbled 1.14%, while Lloyds Banking (LONDON:LLOY) lost 1.16% and the Royal Bank of Scotland (LONDON:RBS) plunged 1.22%.
Meanwhile, Shire PLC (LONDON:SHP) led gains on the index, with shares advancing 0.90% as the pharmaceutical company recovered from sharp losses posted on Friday after announcing earlier in the week a proposed $30 billion takeover of US company Baxalta.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.12% gain, S&P 500 futures signaled a 0.20% increase, while the Nasdaq 100 futures indicated a 0.19% rise.