After a Tough Week, European Stocks Rallied on Monday

After a Tough Week, European Stocks Rallied on Monday   Last week, the tech-dominated Nasdaq Composite COMP, -1.26% lost 3.2%, its worst decline since the period ending March 20, and first drop after five consecutive gains. SoftBank Group 9984, -7.15% shares dropped over 7% in Tokyo on Monday, after The Wall Street Journal reported the Japanese investment group bought $4 billion worth of options tied to around $50 billion worth of individual tech stocks. Down 1.9%, the Stoxx Europe 600 SXXP, +1.66% rose 1.7%. While in this week, Software giant SAP SAP, +2.98%, pharmaceutical AstraZeneca AZN, +3.89% and chemicals company Linde LIN, +2.79% paced a broad-based advance. That was the best one-day gain since Aug. 11. The German DAX DAX, +2.00%, French CAC 40 PX1, 1.79% and U.K. FTSE 100 UKX, +2.38% each registered strong gains. Associated British Foods ABF, +0.54% rose 3%, after saying trading in the fourth quarter ending Sept. 12 in both its food businesses and retailer Primark exceeded expectations.   You might also be interested in:

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