(Reuters) – European stocks rallied slightly on Monday as investors sought protection in defensive sectors such as utilities and real estate amid lingering concerns that the spread of new coronavirus variants is hampering global recovery.
The pan-European STOXX 600 index rose 0.2% by 07:15 GMT, continuing its gains after solid gains on Friday.
Utilities, real estate and financial services rose 0.5-1%, while shares in the economically sensitive banking, mining and automotive sectors fell.
The Daily Mail and General Trust Plc jumped 5.2% after they said their largest shareholder, the Rothermere family, could take over the British newspaper in a £ 810 million ($ 1.13 billion) deal if sales of its insurance risk division and Cazoo business will decline. through.
French IT consulting group Atos fell 15.5% after it cut its earnings forecast for the year.
(Reporting by Shruti Shankar in Bangalore; editing by Uttaresh V.)