This was CNBC's live blog covering European markets.

European markets closed mixed on Monday as investors awaited the release of fresh U.S. inflation data.

The pan-European Stoxx 600 provisionally ended little changed from the previous session, with major bourses in negative territory. Construction and materials stocks led losses, down 0.9%, while autos stocks gained 1.4%.

April's consumer price index report is due out on Wednesday, with traders hoping that a return to Federal Reserve rate hikes is largely off the table despite a recent slew of hotter-than-expected inflation prints.

On Wall Street, U.S. stocks were little changed Monday as investors grappled with rising inflation expectations.

Overnight, Asia-Pacific markets were mixed as investors assessed China's stronger-than-expected April inflation data; China's consumer price index climbed 0.3% year on year, beating Reuters estimates of a 0.2% rise.

India's inflation figures will also be out late Monday, with economists polled by Reuters expecting inflation in the world's fifth-largest economy to slow slightly to 4.8% in April, down from March's 4.85%.

Orsted shares down 4%

Shares of Danish renewables giant Orsted fell more than 4% on Monday afternoon.

It comes shortly after U.S. Republican presidential candidate Donald Trump was reported to have said he would block offshore wind development if re-elected later this year.

"We are going to make sure that that ends on day one," Trump said, Bloomberg News first reported on Sunday. "I'm going to write it out in an executive order."

— Sam Meredith

GameStop volume more than triples

GameStop has already traded more than 36 million shares, as the brick-and-mortar video game retailer soared following a post from "Roaring Kitty." That volume easily eclipses the stock's 30-day average of 9.9 million.

— Fred Imbert

Oil prices move higher

Oil prices traded higher Monday afternoon, rebounding from losses in the previous session as energy market participants looked ahead to U.S. inflation data later in the week.

International benchmark Brent crude futures for July delivery rose 0.6% to $83.3 per barrel at around 2:30 p.m. London time, while U.S. West Texas Intermediate futures for June delivery rose 0.8% to trade at $78.89.

— Sam Meredith

Stocks open higher

Stocks rose to open Monday's trading session.

The S&P 500 added 0.3%, as did the Nasdaq Composite. The Dow Jones Industrial Average opened 126 points higher, or 0.3%.

— Lisa Kailai Han

European banks hit a nine-year high

European banking stocks hit a nine-year high on Monday, rising past 202, on the back of an upbeat earnings season.

The gains extend a rally seen late last week, when the Stoxx 600 European banks index rose above 200, their highest level since 2015.

— Karen Gilchrist

Stocks on the move: Maersk up 8.1%, Siemens Energy down 4.2%

Shares of Danish shipping company Maersk rose 8.1% in morning deals even after its chief executive said last week that trade disruptions in the Red Sea could run into next year.

On the other end, Siemens Energy shares fell 4.2%, paring gains from last week after the German company raised its 2024 outlook.

— Karen Gilchrist

CNBC Pro: This global stock could rally 140% on a hydrogen fuel boom, analyst says

A global company specializing in tank facilities and refueling technologies could see its stock price soar by as much as 140% over the next 12 months, according to one analyst.

The company's business model assumes buses, industrial trucks, and trains will likely use hydrogen in the future, rather than mass-market cars, which are now primarily transitioning towards electric power.

The analyst believes it's perfectly positioned to capture the rapid rise in new hydrogen refueling stations being built over the medium term.

CNBC Pro subscribers can read more here.

— Ganesh Rao

CNBC Pro: Buy Nvidia stock now or wait for another drop? Two fund managers disagree

Chipmaker Nvidia has dominated headlines over the past year, especially after its shares logged an astronomical 240% rise in 2023.

Its popularity shows little sign of abating, and although the stock was flat last week, it is still up by nearly 80% over the year to date.

The substantial rise in Nvidia's share price has, however, raised questions about whether those not already invested should buy the stock now, or wait to see if its price drops.

CNBC Pro spoke to two fund managers who have differing opinions and subscribers can read more here.

— Amala Balakrishner

European markets: Here are the opening calls

European markets are expected to open in mixed territory Monday.

The U.K.'s FTSE 100 index is expected to open 15 points lower at 8,422, Germany's DAX up 23 points at 18,781, France's CAC 8 points higher at 8,201 and Italy's FTSE MIB up 15 points at 34,332, according to data from IG.

Earnings are due from Ferrovial. There are no major data releases.

— Holly Ellyatt