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European markets close higher, tracking positive global sentiment; Dialog surges 16%

European stocks closed higher Monday with markets tracking positive sentiment in Asia and the U.S.

The pan-European Stoxx 600 index ended the session 0.3% higher, with most sectors and major bourses in positive territory. Italy’s FTSE MIB was among the top-performing indexes, climbing 1.5% after former European Central Bank President Mario Draghi secured the support of two key parties for forming a new government.

European market sentiment was buoyed by positive market action globally, although earnings and coronavirus developments were still in focus. News that the more contagious British and South African variants of the coronavirus continue to spread throughout the U.S. was expected to rattle markets. On Friday, Virginia health officials reported the state’s first case of the strain first identified in South Africa.

Reference: CNBC