European stocks snap losing run, but sustainability concerns persist

European stocks rose for the first time in five days, but elsewhere global shares were rocky as global economic health concerns among investors persist. File picture: Getty Images

European stocks ended higher for the first time in five days on Monday, as oil, banks and utility shares gained on hopes a strong eurozone economic recovery would outweigh risks from a global slowdown.

The pan-European Stoxx-600 index was up 0.3% after hitting a three-week low last week. Asian stocks, however, fell following news of fresh regulatory crackdown on Chinese firms.