European stocks rise supported by travel and leisure sectors

European STOXX 600 index rose on Monday, driven by strong gains in the travel and entertainment sectors, amid anticipation of important data on inflation in the United States this week and a series of economic data from the euro zone.

According to Reuters, by 0715 GMT, the European STOXX 600 index rose 0.1%. The index reached an unprecedented level on Friday, recording the largest weekly gain since late January, at 3%, thanks to the release of a group of strong business results.

Markets are awaiting the release of US inflation data, including the producer and consumer price indices, on Tuesday and Wednesday, and the release of final inflation data in the euro zone and first-quarter GDP data later in the week to gauge expectations about the path of monetary policy in the world.

The travel and entertainment sectors recorded the highest gains among sectors, while the construction and raw materials sub-index recorded the worst performance.

Maersk Shipping Group shares jumped 8.1% to the top of the STOXX 600 index when trading resumed two days later.

Italian medical diagnostics group Diasurin rose 2.3%, recording an increase for the second session following the announcement of first-quarter profits on Friday.

German consumer electronics company Sykonomy shares rose 4% after announcing full-year profits that exceeded expectations.