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European Stocks Steady
European stocks were steady in early trading on Monday, with the Stoxx 600 at 648.88 points. Mining stocks led the gains, rising 1.4%. Banco BPM surged 9.4% after Crédit Agricole proposed merging its Italian unit with the bank to create Italy’s third-largest lender. UniCredit rose 3.6% after quarterly profits grew 24% and it raised its full-year profit target. Technology stocks fluctuated amid concerns about investment in artificial intelligence. Nvidia shares fell 6% in Frankfurt, while luxury-goods stocks dropped more than 2% as consumer demand in China weakened in October.
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