LIVE MARKETS-Europe in the green, BP top gainer

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EUROPE IN THE GREEN, BP TOP GAINER

Shares in Europe disregarded the latest tariff threats from U.S. President Trump and edged higher on Monday, while BP shares jumped after reports that an activist investor has built a stake in the company.

Trump said he would introduce 25% import tariffs on all U.S. steel and aluminium imports in his latest trade escalation, as well as reciprocal tariffs that match rates levied by other countries.

Broader markets are largely overlooking the latest verbal warnings, with the STOXX 600 .STOXX up 0.3% and bourses in Frankfurt .GDAXI, Paris .FCHI, and London .FTSE rising between 0.2% and 0.4%.

But the basic resources sector .SXPP slightly underperforms, led lower by steel and iron ore manufacturer ArcelorMittal MT.AS, whose shares are down about 2.5%.

In contrast, the energy sector .SXEP is Europe's top gainer, supported by shares in BP BP.L after activist investor Elliott Management took a stake in the company.

Here's your opening snapshot:

(Samuel Indyk)

MONDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: SHRUGGING OFF TARIFF TALK CLICK HERE

ALL TARIFFS, ALL THE TIME CLICK HERE