European stocks opened the week on a cautious note, with the STOXX 50 edging up 0.2% while the STOXX 600 traded largely flat, as investors assessed developments in the Middle East and lingering concerns over technology and AI valuations. Oil prices resumed their upward trend after last week’s declines, following weekend strikes involving the US and Iran, although both sides later agreed on Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely. Among individual movers, ASML Holding rose 1.1% and SAP gained 1.3%. Meanwhile, Prosus advanced more than 3% after reporting an 84% increase in full-year adjusted core profit.