European shares advance on Monday

Source: Bloomberg
© Scanpix/Reuters
Stock market in Europe opened with an increase in value on the first trading day of the new week, while investors are waiting for housing data in the U.S. Among leaders, Royal Philips NV added 3% after announcement that the company will merge together its automotive-lighting and LED-component businesses. The Europe Stoxx 600 Index rises 0.3% to 342.92 points in London.

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