A strong showing from U.K. banks has helped the FTSE 100 rally 1%, according to Chris Beauchamp, chief market analyst at online trading platform IG.

“The UK government’s sale of more of its stake is another vote of confidence in NatWest, another step in the long road away from 2008’s emergency government takeover,” said Beauchamp in a Monday note.

“Meanwhile the banking sector’s day was further improved by Barclays, which is still basking in the glow of Trump’s win,” he added.

NatWest and Barclays were both trading 3.8% higher as of 4:11 p.m. London time. The FTSE 100 was last trading up 0.66%.

– April Roach

Christian Dery, macro strategist at Capital Fund Management, says he suspects the price reaction we’re seeing following Donald Trump’s election victory, will continue over the next several months.

“The U.S. is running a 6% deficit currently, and the Republican proposals are going to increase that on the order of 2-3%, so it’ll be running 9-10% deficits in the U.S. — again very stimulative,” Dery told CNBC’s “Street Signs Europe” on Monday.

– April Roach

Stocks were higher shortly after the opening bell on Monday, as Wall Street continues its postelection rally from last week.

The S&P 500 gained 0.3%, while the Nasdaq Composite advanced 0.2%. The Dow Jones Industrial Average climbed 353 points, or 0.8%.

— Brian Evans

Duncan Wrigley, chief China economist at Pantheon Macroeconomics, says Beijing is looking to solve the country’s issues in a systemic fashion over several years whereas markets are hoping for a much bigger, faster reaction.

Citi Head of European Equities Beata Manthey Told CNBC that blanket tariffs would not create any winners, with a potential risk to U.S. profit margins.

German sportwear manufacturer Puma rose toward the top of the European Stoxx 600 after Morgan Stanley and Barclays both raised their target price for the stock.

Shares of the company were up 4.6% at around midday London time.

Bitcoin hit another high on Monday, trading 3.6% higher at $82,216 by 6:58 ET, according to Coin Metrics. Other coins also got a boost, with ether up 1.8%, trading around $3,204 after topping $3,000 over the weekend. 

Susannah Streeter, from investment platform Hargreaves Lansdown, said President-elect Donald Trump’s pledge to go “all in on crypto” has pushed bitcoin to fresh highs.

“He’s made an about turn on supporting the industry and is now vowing to turn the U.S. into the crypto capital of the world. Bitcoin speculators are betting on a more clement regulatory environment, and have expectations that the authorities may build up a reserve crypto fund, helping lift ongoing demand,” she said in a research note on Monday.

Read more here.

— Katrina Bishop

Gold prices fell on Monday morning, extending losses after notching its worst weekly performance since late May on Friday.

Spot gold fell 0.8% to $2,661.49 per ounce as of 11:00 a.m. London time, slipping further away from the key $2,700 level.

It comes as investors continue to assess what president-elect Donald Trump’s election victory could mean for U.S. interest rates.

— Sam Meredith

Construction and materials stocks rose nearly 2% to lead gains during morning deals.

Shares of Germany’s Heidelberg Materials rose more than 4% after JPMorgan and Citigroup both raised their target price for the stock. The building materials company, which is up nearly 50% year-to-date, notched a fresh record high on Monday morning.

French construction materials group Saint-Gobain and Italy’s Buzzi were also trading higher, both up around 3.6%.

— Sam Meredith

European companies are likely to continue to underperform U.S. stocks, according to Christian Dery, macro strategist at Capital Fund Management.

When asked about the outlook for European stocks relative to Wall Street, Dery said the equity risk premium appeared to be in line with historical norms.

“Europe just structurally has a lot of problems at the moment. And, as I said, fiscal is part of the issue. So, you have countries like France and Italy that are bumping up into their fiscal constraints, we had Mario Draghi’s report on how to improve Europe and fiscal was a big cornerstone of that,” Dery told CNBC’s “Street Signs Europe” on Monday.

“As I mention, with Germany, the issue is around fiscal and spending. So, I suspect without a big fiscal impulse in Europe, it is just going to be very difficult to see a similar performance to the United States,” he continued. “The outperformance will continue in the U.S. relative to Europe.”

The pan-European Stoxx 600 benchmark index has climbed nearly 7% year-to-date, while the S&P 500 index has notched gains of more than 25% over the same period.

— Sam Meredith

Donald Trump’s pledge to impose universal tariffs on all imports into the U.S. would be “incredibly inflationary” and yield no winners, according to the head of European equity strategy at Citi.

“If you put blanket tariffs, 10% on the rest of the world, 60% on China, it is going to be incredibly inflationary,” Citi’s Beata Manthey told CNBC’s “Squawk Box Europe” on Monday.

“[Trump’s team] don’t want that. They are already making it clear that when tariffs come, they are going to be progressive, they are going to think very hard [on] how not to make it inflationary. And, of course, high-level protectionism like what has been suggested initially on the top level, there are no winners from that, right?”

Alongside consumers, Manthey said, companies could be exposed to the cost implications of universal tariffs.

“So, this is the view of our strategists in the U.S., if you put blanket tariffs [in], they could reduce the earnings potential for the U.S. companies up to 7%. That’s why I say there are no winners from that policy — and Trump knows about it,” she added.

— Sam Meredith

German automotive and industrial supplier Continental rose more than 7% during early morning deals, soaring to the top of the regional benchmark index after reporting a third-quarter profit beat.

Danish shipping giant Maersk, meanwhile, slipped around 2% shortly after the opening bell.

— Sam Meredith

European stocks were higher shortly after Monday’s opening bell.

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

— Sam Meredith

Germany’s Continental on Monday posted stronger-than-expected third-quarter core profit and lowered its sales guidance for the second time this year.

The automotive and industrial supplier reported adjusted earnings before interest and taxes of 873 million euros ($934 million) for the three-month period through to the end of September. That beat expectations in a company-provided consensus, with the company citing price adjustments and “disciplined cost management.”

Looking ahead, Continental said it now expects sales in 2024 to come in between 39.5 billion euros and 42 billion euros, down from a previous forecast of 40 billion euros to 42.5 billion euros, pointing to weak industrial development in Europe and North America.

— Sam Meredith

Oil prices were little changed from the previous session, as energy market participants monitored the threat of supply disruption from a U.S. storm.

International benchmark Brent crude futures with January expiry traded 0.1% higher at $73.95 per barrel, while U.S. West Texas Intermediate crude futures traded flat at $70.36.

— Sam Meredith

Bitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of U.S. elections that saw a swell of pro-crypto candidates win office.

Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading. Deribit encompasses most of the offshore options market.

Read the full story here.

— MacKenzie Sigalos

One European stock tanked on the news that Donald Trump had won the 2024 presidential election. However, analysts at investment banks suggest that investors have overreacted to fears of a downturn for the sector.

The consensus price target of all analysts points to an upside of more than 50% for the stock.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Investment bank Nomura has screened for Japanese stocks with “high bitcoin price sensitivity,” following a surge in the cryptocurrency’s price.

The bank noted that “stocks of exchange operators plus semiconductor, IT, and nonferrous names track BTC but are currently lagging.”

It comes as analysts say bitcoin prices could hit $100,000 by the end of the year following President-elect Donald Trump’s victory.

CNBC Pro looks at 10 stocks from the investment bank’s screen that stand out for having substantial upside potential, according to FactSet’s consensus price targets.

CNBC Pro subscribers can read more here.

European markets are expected to open positive territory Wednesday.

The U.K.’s FTSE 100 index is expected to open 36 points higher at 8,056, Germany’s DAX up 38 points at 19,081, France’s CAC up 11 points at 7,356 and Italy’s FTSE MIB up 68 points at 33,335, according to data from IG.

Earnings will come from ABN Amro, RWE, SSE, Alstom, Siemens Energy, Allianz and Telecom Italia.

— Holly Ellyatt