LIVE MARKETS-STOXX up in broad-based rally, energy drags

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STOXX UP IN BROAD-BASED RALLY, ENERGY DRAGS

European shares got off to a positive start on Monday in a week packed with corporate earnings, as oil prices tumbled after a pause in U.S.-Iran hostilities, providing inflation relief ahead of key central bank meetings.

The STOXX 600 .STOXX rose 0.5%, off earlier highs, with travel and leisure .SXTP leading a broad-based rally as 77% of the region-wide index's constituents traded in positive territory.

Oil & gas .SXEP and utilities .SX6P were the only sectors in the red, falling 2% and 0.4%, respectively.

London's FTSE 100 .FTSE added 0.3%.

Shares in Asia rose and U.S. futures also pointed to gains later on Wall Street.

(Danilo Masoni)

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EARLIER ON LIVE MARKETS:

BEFORE THE BELL: EUROPE RISES INTO BUSIEST EARNINGS WEEK AS OIL TUMBLES CLICK HERE

MARKETS DARE TO HOPE AS US, IRAN PUT WAR ON HOLD CLICK HERE