European markets mixed as traders look ahead to latest U.S. inflation data; Maersk up 7%

European banking stocks hit a nine-year high on Monday, rising past 202, on the back of an upbeat earnings season.

The gains extend a rally seen late last week, when the Stoxx 600 European banks index rose above 200, their highest level since 2015.

— Karen Gilchrist

A global company specializing in tank facilities and refueling technologies could see its stock price soar by as much as 140% over the next 12 months, according to one analyst.

The company’s business model assumes buses, industrial trucks, and trains will likely use hydrogen in the future, rather than mass-market cars, which are now primarily transitioning towards electric power.

The analyst believes it’s perfectly positioned to capture the rapid rise in new hydrogen refueling stations being built over the medium term.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Chipmaker Nvidia has dominated headlines over the past year, especially after its shares logged an astronomical 240% rise in 2023.

Its popularity shows little sign of abating, and although the stock was flat last week, it is still up by nearly 80% over the year to date.

The substantial rise in Nvidia’s share price has, however, raised questions about whether those not already invested should buy the stock now, or wait to see if its price drops.

CNBC Pro spoke to two fund managers who have differing opinions and subscribers can read more here.

— Amala Balakrishner

European markets are expected to open in mixed territory Monday.

The U.K.’s FTSE 100 index is expected to open 15 points lower at 8,422, Germany’s DAX up 23 points at 18,781, France’s CAC 8 points higher at 8,201 and Italy’s FTSE MIB up 15 points at 34,332, according to data from IG.

Earnings are due from Ferrovial. There are no major data releases.

— Holly Ellyatt