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Sept 9 (Reuters) - European shares began the week on a
positive note after the benchmark index saw its worst day in
over a year on Friday, while investors await a slew of economic
data and expect the European Central Bank to cut interest rates
later in the week.
The pan-European STOXX 600 index was up 0.5% by
0711 GMT on Monday, after it logged its worst weekly performance
since October 2023.
All regional bourses also advanced.
Investors will parse through consumer price figures from
Germany, Spain and France set to drop later in the week.
Britain's employment and GDP data are due on Tuesday and
Wednesday, respectively.
However, taking centre stage, is the ECB's refinancing rate
decision due on Thursday, where it is widely expected to cut
rates by 25 basis points.
A 1% gain in tech stocks, boosted the benchmark
index.
The travel and leisure outperformed other sectors,
rising 1.3%. The sub-index was boosted by a 5.2% gain in Entain ( GMVHF )
after the British gambling group said the second half of
this year started better-than-expected.
Adidas AG lost 3% after Barclays downgraded the
stock to "equal weight" from "overweight".