European Stocks Steady Amid Earnings and Tax Evasion Probe

European stocks held a steady course on Monday as investors digested a batch of new corporate earnings. Notable reports included LNG company GTT, which saw a 4.3% rise after improving its annual revenue and earnings forecasts, and Dutch firm PostNL, whose shares dropped nearly 4% following a wider-than-expected quarterly operating loss.

The pan-European STOXX 600 index stood firm at 572.29 points by early morning trading, despite lingering near last week's one-week low. The energy sector led the pack with a 1.1% boost, driven by BP's 1.7% rise as the company unveiled plans to sell off U.S. oil and gas assets for $1.5 billion.

Meanwhile, shares of drinks company Campari fell 4% after Italian authorities began a tax evasion probe, seizing assets worth 1.29 billion euros. Elsewhere, PostNL cited increasing pressure on its domestic mail operations as a factor for its disappointing financial performance.