Europe stocks higher amid optimism over trade talks, US bank earnings – CNBC

Market focus is largely attuned to corporate earnings, with several companies set to release their first-quarter results this week. Goldman Sachs posted a Q1 profit beat on Monday, but revenue fell short of expectations on the back of tougher market conditions. Citi, meanwhile, also reported mixed earnings.

European bank shares nevertheless got a boost from early corporate results, climbing nearly 0.6%. J.P. Morgan and Wells Fargo both reported stronger-than-expected quarterly earnings last week.

Elsewhere, investors continue to monitor developments in the U.S.-China trade talks. Over the weekend, U.S. Treasury Secretary Steve Mnuchin said he was hopeful the talks would soon come to a close.

He said Saturday that a U.S.-China trade deal would go “way beyond” previous agreements between the two nations, and that the two sides were “close to the final round” of negotiations, Reuters reported.

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