Reuters reported European shares rose 0.4% by midmorning Monday after a flat start, with lower oil supporting travel stocks as investors weighed company updates and unrest in France.
The STOXX 600, a pan-European share index, stood at 636.26 points at 4:09 a.m. ET (08:09 UTC), Reuters’ early report said. Its later snapshot put the index at 638.45 points at 6:50 a.m. ET (10:50 UTC). The STOXX 600 ended Friday with its steepest weekly loss since early September, Reuters reported.
Reuters attributed the drop in oil to hopes that tensions between the United States and Iran could ease. In the later snapshot, travel and leisure shares had gained 1.6%, while energy stocks were down 1.5%.
Galp reported €682 million in replacement-cost adjusted net income for the third quarter, compared with €407 million in the same period of 2025. Its IFRS net income, a separate accounting measure, was €201 million, down from €264 million a year earlier. The company said discussions with Moeve about combining their downstream operations did not produce a deal. Reuters’ later snapshot showed Galp shares down 9.7%.
Computacenter’s committed product order backlog totaled £12.6 billion at third-quarter end, compared with £9.3 billion at the end of June. In an Oct. 26 trading update, the company projected 2026 adjusted profit before tax of at least £425 million, above the £387.1 million consensus it compiled from analyst estimates. Reuters’ later snapshot put its shares up 9.5%.
France remained a concern after demonstrations on Oct. 17. The French Interior Ministry described looting and attacks on police during the demonstrations, while the Associated Press reported that protests focused on living costs and school conditions.
The Federal Reserve is scheduled to meet Tuesday and Wednesday, Oct. 27-28. The European Central Bank’s policy decision is scheduled for Thursday, Oct. 29, at 9:15 a.m. ET (13:15 UTC).
