European Stocks Rise Amid Business Data Anticipation

European shares rose, driven by mining stocks, as investors anticipated business activity data from major economies and awaited clarity on U.S. tariffs. STOXX 600 saw gains, bolstered by Germany's borrowing plan to stimulate its economy. Bayer shares, however, slid due to a U.S. jury's ruling.

European shares edged higher on Monday as investors geared up for crucial business activity data from major economies in the region and awaited further clarity on the looming U.S. tariffs.

The pan-European STOXX 600 index surged by 0.6% as of 0805 GMT, buoyed by a significant rise in mining stocks, which advanced approximately 2.6% amid climbing copper prices. This was further supported by JP Morgan's decision to upgrade the European mining sector from 'underweight' to 'overweight.'

Last week, the STOXX 600 rebounded after two consecutive weeks of declines, following Germany's approval of increased borrowing to boost growth in its economy. Investors are now closely watching U.S. President Donald Trump's expected announcement on reciprocal tariffs scheduled for April 2. Meanwhile, in economic data, flash PMI surveys for France, Germany, and the eurozone are due for release on Monday. Bayer's shares took a hit, dropping 6.6% after a U.S. jury ordered the company to pay $2.1 billion in a cancer lawsuit related to the Roundup weed killer.

(With inputs from agencies.)