Telekom Austria jumped 4.3%. The phone company improved its profit forecast through 2010, on higher earnings at its international mobile unit and cost cuts to compensate for European Union regulations.

Decliners

Bovis Homes Group sank 7.4%. The U.K. homebuilder may reduce its full-year sales target as higher interest rates and mortgage costs led to a decline in the number of potential buyers visiting sites.

In broker news, shares in U.K. clothing retailer Next lost 1.1% after it was downgraded to underweight from neutral by HSBC.

Commodities

Crude oil declined from near a 10-month high in New York. Crude oil for August delivery shed 80 cents, or 1.1%, to $72.01 a barrel in after-hours electronic trading on the New York Mercantile Exchange. Brent crude for August settlement fell as much as 71 cents, or 0.9%, to $74.91 a barrel on the ICE Futures exchange.

Gold rose in London on speculation higher prices may revive demand for the metal as a hedge against inflation. Gold for immediate delivery gained $1.08, or 0.2%, to $656.97 an ounce. Silver added 2 cents to $12.75 an ounce.

Copper rose to the highest in almost two months as workers at Dona Ines de Collahuasi, third- largest mine in Chile that produces the metal, plan to go on strike. Copper for delivery in three months gained $85, or 1.1%, to $7,945 a metric ton on the London Metal Exchange.

Currencies

The U.S. dollar was lower against other major currencies in European trading Monday morning. The euro traded at $1.3631, up from $1.3621 late Friday. The British pound traded at $2.0140, up from $2.0106. The dollar bought 123.29 Japanese yen, down from 123.40.