European shares rise after last week’s selloff; French stocks lag

European shares rebounded on Monday, partially undoing last week's declines, while French stocks struggled with fiscal worries and a sharp drop in Schneider Electric shares after its record $22.6 billion acquisition of US software firm PTC. The pan-European STOXX 600 index rose 0.2% to 632.42 points by 0720 GMT, with most major regional indexes either flat or up.

The index had fallen its biggest weekly percentage loss in a month earlier in the week, as soaring bond yields heightened fears of inflation and deteriorating fiscal situations.

In France, the CAC 40 index slipped 0.8%, while the euro reached a 17-month low as investors fretted over the nation's mounting debt levels and political stalemates prior to next year's presidential election. Schneider Electric's shares plummeted 7.2% following the French engineering company's largest transaction to date. Spanish equities remained relatively stable after Prime Minister Pedro Sanchez announced a snap election for November 29.

Mining stocks experienced a modest gain of 0.5% as prices of precious metals climbed, fueled by weaker-than-anticipated US jobs data, which intensified expectations that the Federal Reserve would maintain interest rates steady this month.