European stocks rose on Monday, with optimism about a faster economic recovery and dealmaking activity boosting sentiment.
Meanwhile, the People's Bank of China deleted several phrases in its latest monetary policy report, a move that economists say signals a shift toward more supportive monetary policy.
On the Covid-19 front, Austria closed shops, restaurants and festive markets in the most dramatic Covid-19 restriction seen in Western Europe for months.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.