This is CNBC's live blog covering European markets.
European stocks are expected to open higher Monday as global market sentiment rises.
The U.K.'s FTSE 100 index is expected to open 22 points higher at 8,290, Germany's DAX up 127 points at 19,435, France's CAC up 55 points at 7,305 and Italy's FTSE MIB up 275 points at 33,912, according to data from IG.
Data releases include the Ifo business climate index in Germany. There are no major earnings releases.
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Global market sentiment has been boosted by President-Elect Donald Trump signaling his intention to nominate Key Square Group founder Scott Bessent as U.S. Treasury secretary. Investors have generally viewed the pick favorably and see the hedge fund manager as someone who will be supportive of the equity market. However, Trump stated that Bessent would help him implement protectionist trade policies, which could affect the market.
U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Markets are closed on Thursday for Thanksgiving Day and end early on Friday.
Meanwhile, Asia-Pacific markets mostly rose Monday, with investors awaiting a slew of economic data this week, including China industrial data and India's third-quarter gross domestic product numbers.
Money Report
UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank.
The move would, if completed, merge two of Italy's largest lenders.
European markets: Here are the opening calls
European markets are expected to open higher Monday.
The U.K.'s FTSE 100 index is expected to open 22 points higher at 8,290, Germany's DAX up 127 points at 19,435, France's CAC up 55 points at 7,305 and Italy's FTSE MIB up 275 points at 33,912, according to data from IG.
Data releases include the Ifo business climate index in Germany. There are no major earnings releases.
— Holly Ellyatt
China’s central bank keeps medium-term loan rate unchanged amid yuan weakness
China on Monday kept its medium-term lending rate steady, as the country's central bank seeks to stabilize the yuan which has come under pressure following Donald Trump's victory in the U.S. presidential election.
The People's Bank of China kept the medium-term lending facility rate unchanged at 2.0% on 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions, according to the bank's official statement.
"It is a well-expected move, given that the market liquidity [has] remained ample," said Bruce Pang, chief economist and head of Research, Greater China at JLL, citing PBOC's move in October that injected 500 billion yuan into the banking system.
Read the full story here.
— Anniek Bao
CNBC Pro: How to invest $500,000 for the year ahead, according to 2 wealth managers
As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors.
CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio.
One of them also suggested how investors could capitalize on President-elect Donald Trump's policies.
CNBC Pro subscribers can read more here.
— Ganesh Rao
CNBC Pro: Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside
The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside.
The Wall Street bank identified its top overweight-rated stocks with over $2 billion in market cap and a revenue or capital expenditure exposure to sustainability themes.
Among its list of top stocks to buy are two renewable energy companies with over 60% upside potential.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
