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European Markets Close Higher to Kick Off November Trading; Barclays Falls

Jeff J Mitchell | Getty Images News | Getty Images
  • Investors are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October's jobs report.
  • Shares of Barclays bank slipped 0.8% after the investment bank announced Monday morning that CEO Jes Staley will stand down following an investigation into his relationship with Jeffrey Epstein.

LONDON — European stocks kicked off November on a positive note Monday with investors reacting to corporate news and looking ahead to key central bank meetings.

The pan-European Stoxx 600 index closed up 0.7%, with all sectors finishing in positive territory.

Shares of Barclays bank slipped 0.8% after the investment bank announced Monday morning that CEO Jes Staley will stand down following an investigation into his relationship with Jeffrey Epstein.

Barclays said that C.S. Venkatakrishnan (known as Venkat), currently head of global markets at the bank,  will take over as chief executive with immediate effect, subject to regulatory approval.

Read more: Barclays CEO Jes Staley to step down after Epstein probe

Shares of Ryanair rose 1.2% after the budget airline reported its first quarterly profit since before the onset of Covid-19. However, it said it expected to post an annual loss of up to 200 million euros ($231 million) as it would be forced to discount tickets to fill planes over the winter, Reuters reported.

The positive start to November seen for Europe comes after more mixed trade in Asia-Pacific markets overnight as investors reacted to economic data that showed a mixed picture of Chinese manufacturing activity in October.

Elsewhere, stocks were flat on Wall Street Monday. Investors stateside are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October's jobs report.

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—CNBC's Eustance Huang and Maggie Fitzgerald contributed to this market report.

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