Europe Markets: European stocks hit 10-week high as rising bond yields lift financial shares

European stocks finished at their highest in more than 10 weeks Monday, with a turnaround in the market aided by gains for financial stocks as bond yields rose, moves that came ahead of this week’s European Central Bank meeting.

How markets moved

The Stoxx Europe 600 index SXXP, +0.35% closed up 0.4% to 383.18, the best close since Feb. 2, according to FactSet data. Telecom, oil and gas and financial stocks led sector gainers, while utility, consumer goods and basic materials shares fell. The index on Friday ended fractionally lower, but ended last week up by 0.7%, a fourth consecutive weekly advance.

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