European Stocks Rise Amid Rate Hike Digestion and BMPS Rally.
European indexes started the week positively, with traders looking ahead to corporate earnings, economic data, and the Bank of England's rate decision. The Bank of England is due for a rate-setting meeting on Thursday, and both the Federal Reserve and the European Central Bank hiked rates by a quarter of a percentage point last week. Italy's Banca Monte Dei Paschi rose 5% in morning deals after a report said the Italian Treasury is open to reducing its 64% stake in the lender.