Stocks listed in Europe were higher on Monday, as investors monitored the impact of a potential U.S. government shutdown later in the week.
The pan-European Stoxx 600 was up about 0.3% by 9:25 a.m. in London (4:25 a.m. Eastern time), with most sectors in positive territory.
The FTSE 100 had gained 0.4%, with the DAX and the CAC 40 both up about 0.1%.
On the corporate front, Lufthansa said its free cash flow would generate over 2.5 billion euros ($2.93 billion) a year as it set earnings targets of 8%-10% over the next two years at its first capital markets day in six years.
The airline group also said it was cutting 4,000 jobs — mainly administrative roles based in Germany — by 2030 through digitalization and automation, and will invest 600 million euros ($704 million) in a cargo hub at Frankfurt airport.
Danish biotech company Genmab, meanwhile, fell 2.7% after announcing plans to acquire Utrecht-based cancer drugmaker Merus in a deal worth $8 billion.
Astrazeneca gained 1.2% after it said it would list shares in New York while also remaining on the London market.
Spain’s inflation rate accelerated in September to 3%, up from 2.7% in August. The EU’s economic sentiment indicator will also be released Monday.
In the U.S., President Donald Trump will meet with Democrat and Republican representatives in Congress later in the day with the aim of securing a deal on government funding and avoiding a shutdown.
In the U.K., the ruling Labour party’s annual conference began in Liverpool this week.
Earlier, Asian markets had opened broadly higher, with Sony Financial Group soaring 36% after spinning out of its parent Sony Group.
— Lee Ying Shan contributed to this article.
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