European stocks stabilize after a seven-day sell-off

European stocks rose on Monday as investors awaited US inflation data as well as a monetary policy decision from the European Central Bank later in the week for further indications on the path of global interest rates.

The European STOXX 600 index rose 0.6 percent by 0712 GMT, after falling almost 1 percent last week amid concerns about US interest rates rising for a longer period.

Investors are now focused on US August CPI data, which is scheduled to be released on Wednesday, as well as the results of the European Central Bank meeting on Thursday.

The mining sector index was the biggest gainer today, rising 2.2 percent, with metal prices rising amid expectations of improved demand from China.

German company Covestro shares rose 3.1 percent after the chemical company said late on Friday that it had entered into open discussions with Abu Dhabi National Oil Company (ADNOC) about an acquisition plan.