Major European stock indices trading in the green zone

European stock indices show a moderate increase after last week recorded the highest weekly decline in three months. Shares of mining and energy companies rose in response to the positive dynamics of the oil market.

Oil prices rose more than 1 percent against the background of comments dfrom the President of Venezuela Nicolas Maduro whao said that the country's oil producers are close to an agreement to stabilize prices in the market. The deal could be announced later this month. Venezuela, whose economy is particularly hard hit by the collapse in oil prices, is one of the most active supporters of the agreement. It is known that the OPEC countries are planning to hold an informal meeting on the sidelines of the XV International Energy Forum in Algeria, which will be held from 26 to 28 September.

The composite index of the largest companies in the region Stoxx Europe 600 grew by 0.95 percent. If bids will end with the same result, it would be the biggest gain since Sept. 2.

Shares of Total SA and BP Plc more than 2 percent and BHP Billiton Ltd. (+3.2 Percent), HSBC Holdings Plc (+2,5 percent).

Capitalization of Weir Group Plc increased 3.6 percent after analysts at JPMorgan Chase & Co. recommended buying the stock, citing an improved outlook.

Price of Renault SA rose 2.4 percent after the automaker's shares on Friday fell to two-month low.

Sodexo SA rose 2.3 percent after the rating revison by experts of Raymond James Financial Inc.

Quotes of Deutsche Bank AG, which on Friday fell at the fastest pace since Brexit, fell another 1.4 percent.

Shares of Deutsche Wohnen AG fell 1.5 percent as Bank of America Corp. downgraded housing landlord securities to a "sell", pointing to the weakening of investors confidence in the industry.

At the moment:

FTSE 100 +87.90 6798.18 + 1.31%

DAX +71.42 10347.59 + 0.70%

CAC 40 +58.88 4391.33 + 1.36%