European stocks climb on corporate news, oil rally

Despite a slightly mixed close on the Asian equities, the European markets open flat to higher on Monday, as the oil-price rally and corporate news drive markets higher amid a lack of fundamental triggers and light trading.

Amid corporate news, Swedish clothing retailer H&M reported a better than forecast 10% rise in its July sales. While British security firm G4S rallied after the company announced Tim Weller as its new chief financial officer and as Deutsche Bank and Credit Suisse raised its price target for the stock. 

Meanwhile, Germany's DAX 30 index rises +0.73% to 10,790, while the UK's FTSE 100 index gains +0.32% to 6,940. Among the other indices, the French CAC 40 index advances +0.60% to 4,527, while the pan-European Euro Stoxx 50 index increases +0.56% to 3,064.

Attention turns towards a host of significant economic releases alongside the FOMC meeting minutes due later in the week ahead.