Stock markets rose Monday across Europe as lower oil prices pushed automaker and transport companies higher, while European clothing retailers benefited from an E.U. deal to unblock Chinese textile imports at several countries' borders. In Asia, the Japanese market bucked a generally lower trend to close on a four-year high. U.S. markets were closed Monday because of the Labor Day holiday.
A decline in North Sea Brent crude oil prices to their lowest level since Hurricane Katrina hit the U.S. Gulf Coast provided a boost for many stocks, particularly carmakers and transportation.
October-dated Brent futures fell to $64.65 a barrel in London, from $66.02 on Friday. The International Energy Agency said Friday that it will make available 2 million barrels of oil a day for at least 30 days.
Energy companies were the losers from the lower oil price. BP, Europe's biggest oil producer, fell 0.8 percent while Total slipped 1.2 percent.
In Asia, most markets closed lower, but Japan went against the trend, closing at a four-year high on positive data showing an increase in capital spending.
Steel stocks like Nippon Steel and Sumitomo Metal Industries gained on new data showing that Japan's capital spending increased 7.3 percent on year in the April-June quarter.
In Hong Kong, stocks ended flat, with gains in property stocks ahead of a land auction later this month offsetting losses in export-focused shoemaker Yue Yuen (Industrial) Holdings.