European stocks rose on Monday as investors weighed the risk of a potential U.S. government shutdown.
The Stoxx 600 gained 0.2%, with the FTSE 100 up 0.6%, while Germany’s DAX was flat and France’s CAC 40 rose 0.1%.
Lufthansa shares climbed 1.3% after reporting strong free cash flow, earnings targets, and plans to cut 4,000 administrative jobs.
Pharmaceutical stocks also advanced, led by Belgium’s UCB (+16.4%) and GSK (+2.5%) on CEO changes and drug trial successes, while Genmab fell 3% following an $8 billion acquisition announcement.
Spain’s inflation rose to 3% in September, and EU economic sentiment data is due Monday.
In the U.S., President Trump is meeting Congress on funding, while the U.K.’s Labour conference continues in Liverpool, CNBC has reported.
Asian markets were broadly higher, with Sony Financial Group soaring 36% after spinning off from Sony Group.
