European stocks rise on Monday, extending record highs despite U.S. government shutdown.

European stocks are set to open higher Monday, extending last week’s rally to record highs, as U.S. futures rose despite a continuing government shutdown. Markets are focused on upcoming Fed speeches, including Chair Powell’s, and economic data delayed by the shutdown. Oil rose nearly 1.5% on OPEC+’s modest output increase, while gold hit a record above $3,900 amid safe-haven demand. U.S. markets closed mixed Friday with the S&P 500 and Dow at record highs, but the Nasdaq declined. Asian markets were mostly lower in holiday trading, though Japan’s Nikkei surged to a record after Sanae Takaichi’s party leadership win. Trade tensions and potential U.S. tariff policies remain a concern.