
This is CNBC's live blog covering European markets.
European markets on Monday made a positive start to the trading week, with investors looking ahead to high-stakes talks between the U.S. and China in the next few days.
The pan-European Stoxx 600 index closed up 0.7%, with almost all sectors and major bourses in positive territory. Travel and leisure stocks added 1.7% to lead gains, while media stocks dropped 0.2%.
Most Asia-Pacific markets reversed gains overnight to trade lower as investors considered economic data releases ahead of U.S. President Joe Biden and China's President Xi Jinping's first in-person meeting in about a year.
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Global investors have also been digesting ratings agency Moody's Investors Service decision last Friday to downgrade its ratings outlook on the U.S. government to negative from stable, pointing to rising risks to the nation's fiscal strength. U.S. stocks were mixed Monday after the move.
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Biggest movers: BPER Banca up 6%, Siemens Energy up 5%
Shares of Italy's BPER Banca added more than 6% by mid-afternoon to lead the Stoxx 600.
Siemens Energy shares climbed more than 5% after German newspaper Handelsblatt reported Monday that the German government will provide 7.5 billion euros ($8 billion) in state guarantees to safeguard the company's order book.
- Elliot Smith
Stoxx 600 up 0.5% in afternoon trade
The pan-European Stoxx 600 index was up 0.5% by mid-afternoon, with travel and leisure stocks adding 1.4% to lead gains as almost all sectors and major bourses advanced. Financial services dropped 0.3%.
Siemens Energy up 4% on reports of German government guarantees

Siemens Energy shares climbed 4% on Monday after German newspaper Handelsblatt reported Monday that the German government will provide 7.5 billion euros in guarantees to safeguard the company's order book.
Problems with manufacturing faults at wind turbine subsidiary Siemens Gamesa led Siemens Energy to scrap its profit forecast earlier this year, and last month the company sought guarantees of up to 15 billion euros ($16 billion) from the German government.
Handelsblatt reported, citing sources, that the government will provide a 7.5 billion euro backstop while banks involved in discussions will bear 12 billion euros of guarantees.
- Elliot Smith
UK PM Sunak begins reshuffle with shock appointment of former leader David Cameron

U.K. Prime Minister Rishi Sunak on Monday fired controversial Interior Minister Suella Braverman, as he begins a reshuffle of his top cabinet.
Sunak's office confirmed that Foreign Minister James Cleverley will replace Braverman. In a shock move, former Prime Minister David Cameron was announced as the new foreign minister.
Biggest movers: Phoenix Group up 8%, British Land up 5%
Shares of British insurer Phoenix Group jumped more than 8% in early trade after the company increased its full-year cash generation forecast after completing the merger of two of its brands.
British Land shares climbed more than 5% after projecting annual rental value growth will come in at the top end of its forecast range.
- Elliot Smith
A positive open in Europe
European markets opened in positive territory on Monday.
The pan-European Stoxx 600 index was up 0.5% in early trade, with travel and leisure stocks adding 1.4% to lead gains as most sectors advanced. Food and beverage stocks slid 0.3% lower.
CNBC Pro: The global EV market is set to hit a milestone in 2024. These battery stocks will stand out, HSBC says
The electric vehicle market is expected to hit a milestone next year, according to HSBC.
Its global penetration rate could hit the "important 20% threshold" next year — "heralding entry to the mass market" for the first time, it said.
"This has major implications for battery makers," the bank wrote in a Nov. 1 note.
It named buy-rated battery stocks.
CNBC Pro subscribers can read more here.
— Weizhen Tan
CNBC Pro: 'We are bullish on India': As Diwali begins, these 3 stocks are set to outperform, analysts say
A strong economy, growing population and booming stock market have put India on the map for many investors this year.
Now, as the Diwali festive season gets underway in the South Asian country, several sectors — and stocks — are expected to do well, according to Indian equity brokerage Kotak Securities.
"As the broader market valuations are rich, opportunities arising from [a] market correction can be used to add quality stocks (with attractive valuations) from a long-term investment perspective," analysts from the brokerage firm wrote in a recent note.
CNBC Pro subscribers can read more here.
— Amala Balakrishner
European markets: Here are the opening calls
European markets are expected to open in positive territory Monday.
The U.K.'s FTSE 100 index is expected to open 6 points higher at 7,364, Germany's DAX up 5 points at 15,238, France's CAC up 10 points at 7,053 and Italy's FTSE MIB up 53 points at 28,431, according to data from IG.
Earnings are set to come from Porsche. There are no major data releases.
— Holly Ellyatt