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Negative Sentiment

European stocks open higher; Lufthansa plans to cut 4,000 jobs

European stocks rose on Monday, with the pan-European Stoxx 600 up 0.3%, as markets assessed the risk of a U.S. government shutdown. Major indices like the FTSE 100, DAX, and CAC 40 saw gains. Corporate news included Lufthansa's positive cash flow outlook and job cuts, Genmab's $8 billion acquisition of Merus, and AstraZeneca's plan to list shares in New York. Spain's inflation rate increased to 3% in September.

Prepared by Christopher Adams and reviewed by editorial team.

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