European Stocks Hold Ground Despite Ongoing Middle East Tensions

European stocks are near record highs due to strong corporate earnings and softer-than-expected US jobs data, despite ongoing Middle East tensions.

The pan-European STOXX 600 index held steady at around 660.5 points on Monday, supported by gains in the energy sector amid oil price pressures.

Oil prices climbed for a fourth straight session, with Iran signaling it was close to an agreement with Oman on new shipping lanes through the Strait of Hormuz, a critical energy corridor for Europe.

Investors are also focused on euro zone employment data and US consumer price figures due later this week for clues on the outlook for interest rates.