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Europe Markets: European stocks reach for fresh 2-year highs as Spanish, Greek shares climb

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Employees walk past a logo of the Swiss banking giant UBS in Zurich. UBS said Monday it swung to a quarterly loss.

Europeans stocks pushed higher Monday, with Spanish and Greek shares gaining in the wake of sovereign ratings upgrades and closing at a 5-month and almost three-year highs, respectively.

What did stocks do?: The Stoxx Europe 600 index SXXP, +0.31% ended up 0.3% at 402.11, closing at its highest since August 2015. Last week, the pan-European gauge rose for a third consecutive week.

Leading major benchmarks was Spain’s IBEX 35 IBEX, +1.00% as it picked up 1% to 10,584, moving to a level not seen since August.

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