STOXX 600 Climbs 0.8% as Tech Rally Offsets Oil Slump; Energy Stocks Lag

European equities opened the week higher on Sept. 21 as technology shares rallied roughly 2% and a four-session slide in crude oil prices lifted risk sentiment. The pan-European STOXX 600 rose 0.8% to 640.55 points by 0820 GMT, recovering from a 0.6% weekly decline. Chip-linked names Soitec and Aixtron paced gains, mirroring US peers. Banks added 1.6%, led by Societe Generale and Banco. Energy stocks slipped 0.3% as Brent crude headed for its longest losing streak since June amid reports of rising Gulf supply. Germany's DAX gained 0.76%, with projections showing the far-right Alternative for Germany as the largest party in northeastern state elections. Swedish data showed September long-term inflation expectations eased. Investors await a meeting this week between US President Donald Trump and Chinese counterpart Xi Jinping. Lotus Bakeries jumped 6.2% on a Jefferies "buy" initiation; Nordnet rose 4.1% on a buyback; AstraZeneca fell 0.8% despite an EU nod for Enhertu.