11:47 AM EDT, 10/12/2026 (MT Newswires) -- European stock markets closed higher in Monday trading as crude oil prices continued to rise following attacks on Riyadh airport in Saudi Arabia by Iran-backed Houthi forces over the weekend.

The Stoxx Europe rose 0.5%, Germany's DAX gained 0.7%, the FTSE 100 advanced 0.8%, France's CAC increased 0.2%, and the Swiss Market Index ended the session up 0.6%.

In corporate news, Deutsche Bank is in discussions with Malaysia's state fund 1Malaysia Development Bhd., or 1MDB, over a proposed settlement of a $1.1 billion lawsuit, Bloomberg reported Monday.

1MDB lawyer Lim Chee Wee told Malaysia's High Court that the fund had a settlement proposal during a separate hearing on Monday, Bloomberg reported. A hearing in the Deutsche Bank case is scheduled for Oct. 26.

1MDB, embroiled in a fraud scandal, still faces 51.4 billion ringgit ($12.6 billion) in financial obligations linked to the scandal, Bloomberg added, citing the government. Recovery efforts have so far generated 31.3 billion ringgit, Bloomberg reported, citing the government.

Deutsche Bank and 1MDB did not immediately respond to MT Newswires' request for comment.

Shares of Deutsche Bank increased 1.2% in Frankfurt.

ASML will increase prices by 10% for replacement parts used in its extreme ultraviolet and deep ultraviolet lithography systems supplied to South Korea, starting in January 2027, The Elec reported Sunday, citing industry sources.

Samsung Electronics and SK Hynix accepted the increase, which covers consumables and major replacement components, following discussions with ASML, according to the report.

ASML is also discussing equipment price increases with major customers, the report added.

ASML, Samsung Electronics and SK Hynix did not immediately respond to MT Newswires' request for comment.

Shares of the Dutch semiconductor company lost 1.6% in Amsterdam.

Vodafone and KKR, along with other Oak Holdings 1 investors, are securing financing for a potential buyout of minority shareholders in Inwit, Reuters reported Sunday, citing two people familiar with the matter.

Oak Holdings 1 and French private equity firm Ardian, which own 39% and 32% of Inwit, respectively, are discussing financing with banks, while Abu Dhabi's Mubadala is expected to take a stake in the company as part of the plan, according to the report.

The potential deal comes amid a contract dispute with Inwit's main customers, Telecom Italia and Swisscom's Fastweb, which are seeking to renegotiate terms, Reuters added.

In a statement emailed to MT Newswires, Inwit said it had no information on the reported potential transaction and was unable to comment. KKR declined to comment, while Vodafone said it was not commenting on the story.

Ardian, GIP, and Mubadala did not immediately respond to MT Newswires' request for comment.

Shares of the British telecommunications operator fell 1.5% in London.

HSBC will start phasing out fixed-pay allowance payouts for senior staff at the start of 2027, in favor of bonuses, Bloomberg reported Monday, citing a company memo.

The move is in line with the ongoing overhaul led by HSBC Chief Executive Georges Elhedery, according to the report.

HSBC did not immediately respond to MT Newswires' request for a comment.

Shares of HSBC advanced 1.9% in London.

Stellantis Chief Executive Antonio Filosa said the notion of separating the company's European and US brands is "not plausible at all," Bloomberg reported Monday, citing an interview with the CEO.

The automaker also presented six concept cars ahead of the Paris Motor Show, among more than 60 vehicles the automotive giant exhibited at the weeklong event, the company said Sunday.

The cars included the hybrid-powered Alfa Romeo Cuorerosso, the fully electric 15,000-euro ($16,806) Citroen 2 CV, the DS F3VER, the Fiat Multiplay SUV, several Opel models, and the Peugeot RCZVision using new steer-by-wire technology, the company said.

Shares of Stellantis declined 1.3% in Paris.

TotalEnergies awarded Vallourec a contract to supply more than 16,000 metric tons of tubular products for Azerbaijan's Absheron gas field, the latter said Monday.

The deal includes premium oil country tubular goods and about 159 kilometers of corrosion-resistant line pipe for onshore and offshore applications, it said, adding that the Caspian Sea project aims to produce up to 6 billion cubic meters of gas annually and 47,000 barrels of condensate per day.

Shares of the French oil and gas major closed 0.6% higher in Paris.

Eni said Monday it had signed two binding agreements to sell 10% interests in selected upstream gas assets in Indonesia to Pertamina and Medco, citing value gains from exploration and development activities in the Kutei Basin.

Under the first agreement, Eni will sell its 10% interest in the East Sepinggan, North Ganal, and Rapak production sharing contracts to Pertamina, Indonesia's national energy company. Under the second agreement, Eni will sell its 10% interest in the West Ganal, East Ganal, Ganal and Muara Bakau production sharing contracts to Medco, a Southeast Asian energy company, Eni said.

The company did not disclose financial terms for either transaction, which remain subject to customary governmental and regulatory approvals.

Shares of the Italian oil and gas company was up 0.9% in Milan.

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