AgenciesThe pan-European STOXX 600 index was up 0.2% by 7:07 GMT.
UniCredit climbed 1.8% as the Italian bank posted a bigger-than-expected annual rise of 36% in its third-quarter profit, helped by higher interest rates.
Hermes gained 2.3% as the Birkin bag maker beat third-quarter sales estimates, defying a slowdown in the broader luxury sector. Puma shares rose 4% after the German sportswear brand stood by its full-year profit forecast despite an 8.3% drop in its third-quarter earnings.
Logitech International jumped 7.9% after lifting its full-year guidance.
Miners were the top sectoral gainers, up nearly 2% as prices of base metals ticked higher on a softer dollar.
However, keeping UK's FTSE 100 under pressure was a 6.8% drop in shares of Barclays despite the lender narrowly beating quarterly profit estimates.
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Monday Blues: US Bond Yields Top 5%, Scare Off Dalal St BullsIndian stocks plummeted Monday late afternoon after a circumspect start to the week, with yields on 10-year US treasuries breaching the 5% threshold for the first time since the Global Financial Crisis and stoking concerns that the persistent rise in global risk-free rates will further elevate the risk premium on emerging market assets.
Torrent Talks for $7b Cipla Buyout Trip on ValuationTorrent Pharma’s bid to acquire the stake of the promoter, the Hamied family, in Cipla has stalled over valuation differences, said people with knowledge of the matter. That has derailed plans to create one of India’s biggest pharmaceutical companies, at least for now.
Niti Plan in Works to Lower Reliance of India’s Supply Chains on ChinaIndia is formulating a plan to lower the dependence of its supply chains on China. The Niti Aayog has been tasked with drawing up the strategy, which will focus on bridging the country’s trade deficit with its neighbor over time and suggest measures to secure supply chains from risks stemming from geopolitical developments.
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