European stocks inched higher on Monday as strong metal prices boosted miners and optimism related to reopenings following coronavirus lockdowns lifted travel stocks at the start of a busy week of corporate earnings and economic data.

The panEuropean STOXX 600 index rose 0.1 after it recorded its first weekly loss in eight on Friday.

A 10year high for Shanghai copper prices and a surge in other metals boosted mining shares, with Europes basic resources index climbing 1.3 to lead sectoral gains. METL

Airlines including British Airwaysowner IAG, Lufthansa and easyJet rose about 4 each, while planemaker Airbus jumped 3.2 on hopes of a revival in travel demand.

A top European Union official said on Sunday Americans who have been vaccinated against COVID19 should be able to travel to Europe by summer.

With Italy lifting many restrictions on Monday, France planning to ease measures next month, the jab rate trending up, and the PMIs pointing to persistently robust activity, we remain confident about a consumptiondriven rebound starting in Q2, analysts at Morgan Stanley said.

However, the Ifo Institutes survey on Monday showed German business morale improved by less than expected in April amid a third wave of COVID19 infections.

While earnings from megacap U.S. technology companies such as Apple could set the tone on Wall Street this week, Europe will see a barrage of earnings reports from UK banks, oil majors and healthcare companies.

Of the 15 of STOXX 600 companies…