STOXX 600 up 0.3
Tomra up as Spain to introduce deposit return scheme in 2 years
UK broadcaster ITV jump after reported bid interest
Kingfisher drops after tightening FY profit outlook
German business sentiment falls in Nov

Nov 25 Reuters Europe39;s main stock index hit a twoweek high on Monday, driven by the nomination of the U.S. Treasury secretary and comments from the ECB chief economist on monetary policy easing, although lenders UniCredit and Commerzbank fell on buyout developments.

The panEuropean STOXX 600 was up 0.3, as of 0935 GMT, led by luxury stocks and miners.

Italian bank UniCredit dropped 3.5 after launching a surprise allshare offer worth 10 billion euros 10.45 billion for smaller domestic rival Banco BPM, which climbed 2.6.

Shares of Commerzbank fell 5.6, weighing on the banking index, as investors assessed the impact of Unicredit39;s Banco BPM deal on the German lender39;s likely buyout offer.

UniCredit CEO Andrea Orcel said any Commerzbank bid would come after the Banco BPM deal.

In a boost for global sentiment, Wall Street futures rose alongside a decline in U.S. Treasury yields, following Trump39;s selection of fund manager Scott Bessent as Treasury secretary. Bessent is expected to manage U.S. debt while also focusing on enacting trade tariffs.

We have a flurry of nominations coming through and everyone39;s trying to determine what it means for the long term … there isn39;t any real sense of how exactly the playing field is going to…