UPDATE 1-European shares climb on energy boost, rate-cut hopes
European shares rose on Monday, with investor optimism over interest rate cuts from major central banks back to the fore, while Spanish defence and technology firm Indra jumped following a strong first-quarter profit. The pan-European STOXX 600 was up 0.3% as of 0830 GMT. Supporting sentiment, a media report showed European Central Bank Chief Economist Philip Lane noted a stronger case for a June rate cut on easing services inflation, while Friday's softer-than-expected U.S. jobs report renewed bets of the Federal Reserve most likely easing rates this year.