MTS Help Center

European stock markets closed higher on Monday, looking to rebound after recording their worst week since February.

The pan-European Stoxx 600 ended the session up 0.7% provisionally, with oil and gas stocks jumping 2.2% to lead the gains.

Shares in Asia-Pacific closed higher Monday as Hong Kong’s Hang Seng index bounced back after slipping into bear market territory last week.

Stateside, U.S. stocks were also higher after a volatile week on Wall Street. Investors are awaiting the Federal Reserve’s Jackson Hole summit for hints at when it may taper its monetary stimulus.

European shares are coming off their sharpest weekly decline since February, as traders monitored issues such as global monetary policy, the delta Covid variant and China’s tech crackdown.