European markets were cautiously higher on Monday, coming off a losing week as hawkish comments from major central banks signaled further monetary policy tightening in 2023.
The Stoxx 600 was up 0.5% around midday London time, with all sectors and major bourses trading in positive territory. Oil and gas led gains, up 2.4%, followed by retail, which was up 1%.
The European Central Bank hiked its key interest rate from 1.5% to 2% on Thursday and…