European stock markets made minor gains on Monday, as a rise in the shares of fund management companies in the wake of a large merger in the sector propped up markets, Reuters reported. Nevertheless, lingering concerns over Deutsche Bank still weighed on the minds of some investors. The pan-European STOXX 600 index was up 0.2 percent, although the index remained down by around 6 percent since the start of 2016. Britain's FTSE 100 rose 1.2 percent, partly helped by a drop in sterling, as a weaker pound typically benefits the FTSE's export-driven, internationally focused companies. Shares in fund management companies rose after Britain's Henderson Global Investors agreed to an all-share $6 billion merger with Janus Capital.
