European shares rise ahead of Big Tech earnings

Asian markets sold off on Monday on the expectation of tight US restrictions on investments in China, while European stocks rose ahead of first-quarter results from the world’s biggest tech companies this week.

The region-wide Stoxx 600 added 0.3 per cent in early trading and London’s FTSE 100 fell 0.4 per cent. The moves came as Credit Suisse announced it suffered SFr61.2bn ($68.6bn) of asset outflows in the first quarter. Shares in UBS, which agreed to take over Credit Suisse last month, rose 0.1 per cent.