Europe stocks open slightly higher; China stimulus underwhelms ...Middle East

LONDON — European stock markets opened slightly higher on Monday after closing Friday at a six-week low. The Stoxx 600 index advanced 0.2% in early trade, with all sectors in cautiously positive territory. Oil and gas stocks led gains, up 0.85%. China’s central bank cut its one-year loan prime rate by less than expected Monday, and left its five-year rate unchanged. Economists expected a 15 basis point cut to both due to default risks in the embattled property sector, and raised questions over whether China will deliver a stimulus-led economic turnaround. The People’s Bank of China last week enacted surprise cuts to its short- and medium-term lending rates as data highlighted weak credi

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