European markets higher amid Brexit turmoil; Renault shares slip 5%

The pan-European Stoxx 600 was up around 0.6 percent shortly after the opening bell, with all sectors and major bourses in positive territory.

Europe’s basic resources sector led the sectoral gains Monday morning, up around 1 percent amid conflicting signals over global trade tensions. President Donald Trump said Friday that Washington could be prepared to “make a deal” with China when it comes to trade. However, White House officials have since said market participants should not read too much into speculation.

Looking at individual stocks, Denmark’s Novo Nordisk surged toward the top of the European benchmark shortly after the opening bell. It comes after J.P. Morgan raised its stock recommendation for the firm to “overweight,” adding it was upbeat on the Copenhagen-listed company’s growth outlook. Shares of Novo Nordisk were more than 3 percent higher on the news.

Meanwhile, Renault slumped to the bottom of the index after a Japanese newspaper reported Nissan chairman, Carlos Ghosn, could be arrested for alleged financial trading violations. Shares of the carmaker were over 5 percent lower Monday morning. CNBC could not independently verify the report.

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