European shares rose on Monday, supported by banking stocks as oil prices eased on hopes of an energy ceasefire between Russia and Ukraine, while investors awaited corporate earnings for fresh direction amid geopolitical uncertainty and elevated borrowing costs.
The pan-European STOXX 600 index gained 0.43% to 634.25 points by 0709 GMT. Spain's IBEX, which has a significant banking sector weighting, outperformed regional peers, climbing 1.3%.
