-
The pan-European Stoxx 600 was up around 0.4 percent during lunchtime deals, with most sectors and major bourses in positive territory.
-
Roche Holding said Tecentriq immunotherapy combined with other drugs boosted lung cancer patients' survival when compared to an older cocktail, Reuters reported. Its shares were over 1 percent higher on the news.
-
President Donald Trump signed a memorandum on Friday that could see charges implemented on up to $60 billion of imports from Beijing, though the measures have a 30-day consultation period before they take effect.
European markets were higher on Monday afternoon, as lingering fears of a tit-for-tat global trade war appeared to ease.
The pan-European Stoxx 600 was up around 0.4 percent during lunchtime deals, with most sectors and major bourses in positive territory.
Europe's health-care stocks were among the top performers on Monday morning, up 0.8 percent amid news of a lung cancer trial success. Roche Holding ROG-CH said Tecentriq immunotherapy combined with other drugs boosted lung cancer patients' survival when compared to an older cocktail, Reuters reported. Its shares were over 1 percent higher on the news.
Looking at individual stocks, Fresnillo surged to the top of the European benchmark after a ratings upgrade from Goldman Sachs . The U.S. investment bank raised its stock recommendation to "buy" and added the stock to its conviction list. Shares of Fresnillo were trading more than 5 percent higher in early afternoon deals.
Meanwhile, Smurfit Kappa said it had rejected a revised bid from International Paper company, on Monday. The U.S. company had previously made an unsolicited offer at the beginning of March. Shares of Smurfit Kappa were down 3 percent in mid-morning trade.
Trade war fears
In Asia, equities extended a recent run of losses with yet another move lower on Monday. Chinese shares were down more than 1.6 percent while MSCI's broadest index of Asia-Pacific shares, excluding Japan, also edged into negative territory.
Stateside, President Donald Trump signed a memorandum on Friday that could see charges implemented on up to $60 billion of imports from Beijing, though the measures have a 30-day consultation period before they take effect.
The tariffs follow additional duties on steel and aluminum imports on a number of countries worldwide, including China, with the world's second-largest economy hitting back with its own plans to impose charges on up to $3 billion of U.S. imports.
More From CNBC