US stocks began the week on a positive note, rising 0.4% yesterday. Technology stocks were among the top performers for the session, rising 0.8% as shares of Apple and Amazon settled at new highs.
Monday’s gains followed a strong session on Friday after the release of robust employment data. The US economy added 223,000 jobs last month, easily topping consensus expectations.
On the agenda for the week ahead, leaders from seven of the largest economies in the world are set to meet in Canada at a time when trade tensions between the US and key trade partners have increased.
European stocks also closed higher Monday amid speculation of potential mergers and acquisitions. The Euro Stoxx 50 index rose 0.5%, the German DAX index gained 0.4% and the French CAC settled 0.1% higher.
On the M&A front, French flag carrier Air France-KLM surged near the top of the European benchmark after AccorHotels said Sunday it was reviewing whether to buy a stake in the company.
Elsewhere, the Financial Times reported French bank Societe Generale and Italian rival Unicredit were exploring the possibility of a merger.
A relatively muted session in Asia overnight. Japanese equities settled 0.3% higher and Chinese stocks gained 0.5%.