European equities rise as energy firms soar; the UK fiscal plan is in the spotlight.

As investors awaited clarification on the UK's economic strategy amid concerns about the increasing risk of a recession.

The strain that rising interest rates will put on corporate profits, European markets crept higher on Monday, boosted by advances in energy sectors.

At 7:02 a.m. GMT, the STOXX 600 index for the whole area was up 0.2%.

Markets saw volatility this week as a result of investors' concerns over the possibility of a recession brought on by strong central bank policies to control inflation and the UK's political unrest.

London's blue-chip FTSE 100 index rose 0.1% on Monday, two weeks ahead of schedule, as the country's new finance minister

 Jeremy Hunt, announced tax and spending measures to halt a sharp decline in public confidence in the government's budgetary projections.


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