LONDON — European stocks started the new trading week on a cautiously optimistic note Monday.

The pan-European Stoxx 600 was up 0.06% at 8:25 a.m. in London (3:25 a.m. ET), with most major bourses in the green.

Saab was one of the strong early gainers on Monday after the Swedish aerospace and defense name announced on Friday a $3.6 billion deal to supply Colombia's government with 17 Gripen fighter jets over the next five years. Saab's share price was up more than 6% on Monday morning.

Shares in Airbus rose 1.14%% in early trade amid reports that the European aircraft manufacturer was close to securing a deal to supply almost 100 planes to flydubai at the Dubai Airshow, beating rival Boeing to take the bulk of the budget carrier's jet order.

Meanwhile,

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