European stocks rise; FTSE 100 notches best winning streak in over 5 years

European markets closed higher on Monday, as investors began digesting a slew of major earnings and data releases both in Europe and the U.S. this week.

The Stoxx 600 index provisionally closed higher by 0.5%, with the travel and banking sectors leading the gains.

Regionally, the FTSE 100 closed up 0.02% — its 11th consecutive day of gains and its best run since late 2019. France's CAC 40 and Germany's DAX were up 0.5% and 0.06%, respectively.

This week, French and German gross domestic product and inflation data out Wednesday will be closely watched, as well as earnings from HSBC, BP, Deutsche Bank and Shell.

Elsewhere, Asia-Pacific markets were muted as investors assessed China’s promises to support domestic businesses as well as developments in trade negotiations between the U.S. and countries in the region.

On Wall Street, four of the “Magnificent Seven” companies — Amazon, Apple, Meta Platforms and Microsoft — will release their quarterly reports. Heavyweights such as Visa, Coca-Cola, Eli Lilly and Berkshire Hathaway are also on the docket.

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