British retailer Marks & Spencer jumped 4.2% to a one-year high after it said it had traded well in the early weeks of the 2021-22 and that earnings would recover after reporting an 88% slump in full-year profit.
The price of copper hit a decade-high close to $10,000 per-ton, largely on strong Chinese demand and tight supplies of the metal used in popular electric wiring amid worries of a strike action in the world's biggest producer Chile.
MSCI's All Country World Index, which tracks stocks across 49 countries, was down 0.14% after the start of European trading, off Friday's record high. The gauge's price-to-earnings ratio is at its highest level since early 2010.
Morgan Stanley noted that despite the S&P 500 making all-time highs, small-cap stocks represented by the Russell 2000 small-cap index have underperformed the S&P 500 by 8% since peaking on March 12.
*European stocks opened higher with the regional STOXX 600 index up 0.4% by 1100 GMT. Britain's FTSE 100 was up 0.2%, Germany's DAX 0.6%, Italy's FTSE MIB rose 0.3%, and France's CAC 40 rose 0.5%.
* MSCI's All Country World Index, which tracks stocks across 49 countries, traded flat.