European stocks hit four-month high

European stocks rose at the start of trading on Monday, hitting a four-month high, led by gains in auto and pharmaceutical stocks, after the European Union reached a trade agreement with the United States.

The pan-European STOXX 600 index rose 0.8%, approaching its all-time high reached on March 4, marking a 19.5% rebound from its April lows.

Most regional bourses were also positive, with the UK’s FTSE 100 rising 0.3%, the German DAX up 0.7%, and the French CAC 40 jumping 1.1%.