01:04 PM EDT, 10/27/2025 (MT Newswires) -- European stock markets closed mostly higher in Monday trading as the FTSE 100 in London was up 0.09%, The Stoxx Europe 600 rose 0.21%, Germany's DAX climbed 0.28%, the CAC in Paris gained 0.16%, while the Swiss Market Index lost 0.32%.

Germany's business climate index increased to 88.4 points in October from 87.7 points in September due to improving expectations for the coming months, according to ifo Institute data.

And in corporate news, Barclays said it can start investment banking and global markets activities in Saudi Arabia once the provisional Capital Market Authority license it has received is fully active. The British lender said it plans to open its Riyadh office next year.

Barclays was among the top performers on the FTSE, advancing almost 2%.

HSBC said Monday it will book a $1.1 billion provision in its Q3 results Tuesday after a court ruling related to the Bernie Madoff investment fraud case in 2009.

Shares of the British lender were flat in London.

UBS has filed an application for a national bank charter for its US franchise as the Swiss lender seeks to broaden its offerings in the region, Bloomberg said Monday, citing an internal memo. UBS didn't immediately respond to a request for comment from MT Newswires.

UBS shares rose over 1% in Zurich.

Swiss drugmaker Novartis agreed to buy US-based Avidity Biosciences for $72 per share. The deal values Avidity at about $12 billion and is expected to close in H1 2026.

Novartis shares slipped 0.9% in Zurich.

Amazon said Monday it will invest more than 1.4 billion euros ($1.63 billion) in the Netherlands over the next three years. The funds will support Amazon Web Services and the retail business, including infrastructure and efforts to help small firms expand at home and abroad, the e-commerce giant said.

Ferrari is renewing and reintroducing the Ferrari Hyperclub program on a two-year basis from 2026 to 2027 with the launch of the F76, its first digital hypercar.

Shares of the Italian luxury sports car manufacturer slid 0.7% in Milan.