Source: Sharecast
The pan-regional Stoxx 600 was up 0.61% to 569 at 0814 BST. Germany’s DAX was up almost 1% and France’s CAC 40 rose 0.57%.
US lenders Zions and Western Alliance last week revealed exposure to bad loans, sparking a sell-off in bank shares around the world on concerns over stability.
In economic news, German producer prices fell 1.7% last month year on year due to lower energy costs, according to official statistics published on Monday.
Prices fell 0.1% compared to August, the federal stats agency added. Energy prices fell 7.3% year-on-year, with natural gas prices down 10.7% annually and electricity prices declining by 10.2%.
Capital goods prices in were up 1.9% year on year and 0.1% compared with August. Machinery was 1.8% more expensive than in September 2024. Motor vehicles, trailers and semi-trailers increased by 1.1% compared with September 2024 and 0.2% on August.
Traders were also assessing news from China, where the economy has slowed to its lowest level in a year, on the back of the trade war with the US.
The economy expanded 4.8% year-on-year in the third quarter, data from the National Bureau of Statistics revealed, slowing from the second quarter's 5.2% and 5.4% growth recorded in January-March.
In equity news, Kering shares jumped 4% after the luxury group agreed a €4bn deal to sell its beauty business to L’Oréal.
Building materials giant Holcim gained after signing a deal to buy Germany outfit Xella, a maker of walling systems for €1.85bn.
Reporting by Frank Prenesti for Sharecast.com
