European markets rose on Monday as a new trading week began as investors weighed geopolitical turmoil.
In London, the pan-European Stoxx 600 index was trading up about 0.27% by 1:40 p.m., with major regional stock exchanges and sectors trading mixedly.
Elsewhere, Hong Kong and China's leaders vowed “more aggressive” fiscal spending and “moderate” monetary easing next year, potentially boosting domestic consumption. The stock rose nearly 3% in the final hour of trading.
The announcement also boosted European luxury stocks, owner of Gucci. kering At one point, it rose as much as 4%.
Otherwise, Asia-Pacific markets were mixed overnight. South Korea's Kospi stock index fell more than 2% after President Yun Seok-Yeol survived an impeachment vote over the weekend.
Traders will also assess the geopolitical turmoil in the Middle East after the ousting of Syrian President Bashar al-Assad over the weekend. Western leaders are cautiously welcoming the rebels' overthrow of the Assad dynasty, fearing a power vacuum and further instability in the region.
In the US, the US stock market started mostly down.
The November consumer price index, released on Wednesday, is expected to show a slight increase in price pressures. Economists polled by Dow Jones forecast an annualized growth rate of 0.3%, or 2.7% for the year. This represents a month-on-month increase of 0.2% and 2.6%, respectively.
— CNBC's Sarah Min contributed to this market overview
