European Shares See Slight Gains Amid Geopolitical Tensions and Corporate Moves

On Monday, European shares experienced a slight uplift despite last week's downward trend, primarily driven by corporate news in the face of growing geopolitical unrest in the Middle East.

The pan-European STOXX 600 index saw a modest increase of 0.2%, reaching 545.87 points at 0706 GMT. Gucci's parent company, Kering, soared 7.2% following reports that Luca de Meo will step in as CEO after revitalizing Renault.

In the automotive sector, Renault shares dropped by 5.6% amid speculations that Nissan plans to reduce its stake. Heightened geopolitical tensions remained prominent as Iranian missiles targeted Tel Aviv and Haifa. Meanwhile, the energy sector surged 1.1% with oil price increments, and travel and leisure stocks rebounded with Ladbrokes owner Entain gaining 5.2%.

(With inputs from agencies.)