European stocks climb as traders assess earnings, economic data

Key Facts

• LONDON — European markets advanced on Monday as investors continued to monitor corporate earnings and key economic data points, assessing the risk of recession.
• The European blue chip index closed Friday's session down around 0.8% after an unexpectedly strong U.S. jobs report lowered expectations for a recession, and in turn increased the likelihood of the Federal Reserve tightening monetary policy more aggressively to bring down inflation.
• U.S. stock futures were flat after the S&P 500 closed out a third straight positive week, with investors turning their attention to a key inflation report on Wednesday.
• Corporate earnings continue to drive individual share price movement in Europe, with Siemens Energy, Porsche and BioNTech among the companies reporting before the bell on Monday.

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