LONDON — European stocks closed higher on Monday, extending positive momentum at the start of the new trading week after global markets rallied last week.
The pan-European Stoxx 600 index provisionally closed 0.64% higher, with all sectors and major bourses trading in the green. Mining and retail stocks led gains, adding 1.98% and 1.57% respectively.
Shares of Danish biotech company Zealand Pharma also fell 4.42% after CEO Adam Steensberg told Reuters last week that it was looking for a big pharma partner to help bring its weight loss drug to market.
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