European markets rise as Santander drops 3% on Brazil exposure

European stock markets traded higher on Monday, while Banco Santander fell 3% under pressure from its exposure to Brazil following Lula da Silva's presidential election victory. The Stoxx 600 rose 0.39%, driven by gains in the automotive and travel sectors. Santander dropped 3.42% as Brazilian assets came under pressure after investor-favored candidate Flávio Bolsonaro lost the election. France's CAC-40 gained 0.82% after Moody's maintained the country's Aa3 rating. The Euribor rate fell across three, six, and twelve-month terms. Oil prices declined over 1% from six-month highs, while gold recovered above $4,000 per ounce after its worst week since June.