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The pan-European STOXX 600 index was up 0.3% at 640.43 points by 0725 GMT, while most major regional bourses also traded in positive territory. British housebuilders were among the strongest performers after the government said it would confirm a new equity loan programme for first-time buyers in next month's budget. The move revived expectations of renewed government support for home ownership and residential construction. Also Read | Global Market: Japan’s Nikkei slips after early gains as Nasdaq futures weaken Persimmon, Barratt Redrow, Taylor Wimpey and Vistry rose between 13% and 17%. However, the broader market advance was restrained by a rebound in crude prices. Brent crude rose more than 3% after U.S. President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and end the conflict, keeping tensions in the Middle East at the forefront of investor concerns, Reuters reported. European energy stocks edged 0.5% higher, benefiting from the rise in oil prices. Miners, meanwhile, fell about 2% as dollar-priced metals came under pressure from a stronger U.S. currency. Investors were also awaiting speeches from European Central Bank President Christine Lagarde and Bank of England Deputy Governor Dave Ramsden later on Monday, with markets focused on signals about the path of monetary policy as central banks grapple with persistent inflationary pressures. Also Read | Global Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concern According to Reuters, investors have been reassessing the outlook for interest rates as higher energy prices risk adding to inflation and complicating the policy outlook for major central banks. Among individual stocks, Akzo Nobel gained around 1% after JPMorgan reinstated coverage of the company with an "overweight" rating. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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