European shares rise on mining, property shares

European shares rose on Monday, supported by a rally in mining stocks and a rebound in property shares, while economic data, corporate earnings and expectations for global monetary policy weighed on market sentiment.

The pan-European STOXX 600 index was up 0.4% by 0810 GMT, with the basic resources sector up 1%.

The property sector added 0.8% after falling 2% on Monday, according to Reuters.

German submarine and car parts maker ThyssenKrupp jumped 7.5% after its fourth-quarter results, while Swedish gaming firm Embracer rose 3.7% on news it would split off board game maker Asmodee.

Swiss hearing aid maker Sonova Holding fell 2% after its core profit for the first half of the year missed expectations.

All eyes are on US President-elect Donald Trump’s nominations for the positions of Treasury Secretary and Trade Representative in his administration after announcing last week his nominations for the positions of Health and Defense Secretaries.