European stocks rose on Monday, the last trading day of January, as investors looked ahead to earnings reports later this week from US technology titans Alphabet, Amazon and Meta.
The European Stoxx 600 index was up 0.6%, with tech stocks jumping 1.9% as most sectors and major countries entered positive territory. Hexpol – Swedish chemical manufacturing company, climbed 6.5% to Stoxx 600. Accordingly, Orpea slid to 7.4% after the company’s internal management issues. In Asia, Hong Kong and Tokyo both closed 1.1% higher, with the Hang Seng Tech sub-index rallying more than 2%.
Meanwhile, futures contracts tracking – S&P 500 gauge were flat in the late European morning, while those with Nasdaq added 0.4%.
Investors in Europe have had to navigate increasingly choppy conditions between Russian and Ukraine to discuss ongoing tensions between the neighbors.