European shares climbed to a two-week high on Monday, extending strong gains from last week, with investors awaiting economic data and the Federal Reserve\’s policy decision, while Deutsche Bank dropped on a provision for Postbank litigation.
The pan-European STOXX 600 was up 0.3%, as of 0718 GMT GMT, after logging its first weekly gain in four on Friday.
Basic resources led sectoral gains, with shares of Anglo American climbing 2.3% after Reuters reported BHP Group is considering making an improved offer for the miner.
Atos jumped 12.6% as the French government made an offer to buy out some of its key units.
Deutsche Bank dropped nearly 4% as the German lender will make a legal provision over a litigation regarding its takeover of Postbank that will hurt its second-quarter and full-year profitability.
Investors await the euro zone\’s inflation data and the Fed\’s much-anticipated May interest rate decision over the week\’s course for clues on the global policy outlook.
Also on investors\’ radar, Spain\’s Prime Minister Pedro Sanchez will finalise a decision at noon whether he plans to stay on or quit the premiership.
