European Markets Start Strong with Tech and Banks Leading

European stocks rose on Monday, with tech and bank shares advancing amidst a data-heavy week featuring key economic indicators. The STOXX 600 gained 0.3%, influenced by Wall Street's positive close. Key events include U.S. nonfarm payrolls, influencing Federal Reserve plans, and Europe's inflation reports.

European shares surged on Monday, powered by significant gains in technology and banking stocks during a week loaded with crucial global economic data. With inflation readings imminent in Europe and job data expected from the U.S., the markets began on a positive note.

Leading the charge, the STOXX 600 index climbed 0.3% by 0810 GMT, mirroring positive trends set by Friday's Wall Street close. Technology stocks advanced nearly 2%, while banks saw a rise of 0.7%.

The week features an intensive calendar with pivotal inflation figures across Europe and the December U.S. nonfarm payrolls on Friday, a key indicator for the Federal Reserve's monetary strategy. UK firm Spectris experienced a notable rise after HSBC's rating upgrade.

(With inputs from agencies.)