European Stocks Higher; Telecom Italia Soars After Approach

European stock markets traded higher Monday, as M&A speculation helped to the market start the new week on a positive tone and shrug off the return of Covid-induced restrictions to the continent. The major equity indices in Europe have shown strength of late, boosted by strong corporate earnings and helped by the European Central Bank resisting the temptation to join a growing list of central banks that are tightening monetary policy.