Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

European Stocks Gain on UK Homebuilders, Oil Majors

Guavy AI Editorial Team
Instruments
EUR
Share

European stocks rose on Monday as investors focused on UK homebuilders, which jumped after the government announced a new loan program to aid first-time buyers. The Stoxx Europe 600 Index climbed 0.5% by 2:17 pm in London.

UK homebuilders Taylor Wimpey plc, Bellway plc, Persimmon plc, and Barratt Redrow plc surged more than 10%, with analysts at JPMorgan Chase & Co describing the loan plan as a potential 'game changer' for the sector. Oil majors also gained as Brent crude traded around $106 per barrel after US President Donald Trump rejected Iran's latest ceasefire proposal.

The mining index dropped 1.4% as gold and other precious metals fell. European stocks are on track to snap a five-month winning streak in September following a global bond selloff intensified by surging energy prices and inflation concerns.

More on Forex

Forex 8m ago

RBC Expands Funding Options with New Fixed Income Instruments

Forex 8m ago

Canada's Economic Future on the Agenda as Premiers Meet and GDP Report Looms

Forex 8m ago

Loonie Takes a Hit from Trade Jitters and Soft Data

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy