Philips shares fell by 13% after the Dutch company-manufacturer of medical equipment reduced its sales forecasts for the current year. The travel and leisure sector, which includes airline stocks, rose by 1%. Oil prices fell by 6% after Iran significantly reduced the impact of attacks attributed to Israel. The STOXX 600 European stock index rose by 0.2% and reached 519.80 points. This index was supported by the energy sector, which fell by 1.7%. On Friday, the index noted its first weekly losses in three weeks.
On Monday, European stocks rose as investors awaited a series of key economic data and financial results from major American companies. On Monday, the head of the European Central Bank Luis de Guindos is expected to speak.
