2017.11.2021:19:00UTC+00European Markets Higher, Lifted by Automotive, Mining Shares

European equities ended in the black on Monday, as automotive stocks, mining firms and construction materials suppliers helped buoy the markets.

The pan-European Stoxx 600 rallied in the afternoon, finishing 0.67 percent higher provisionally, with nearly all of the sectors closing in the green.

The France's CAC 40 and Germany's DAX climbed 0.40 and 0.50 percent respectively, while the U.K.'s FTSE 100 rose 0.12 percent.

The auto sector outperformed, gaining 1.33 percent overall, as German and French carmakers led the way.

Shares of Volkswagen climbed 4.19 percent, after news that the manufacturer would invest 22.8 billion euros ($26.9 billion) in its main car brand over the course of 2018 to 2022. Porsche, which is owned by Volkswagen, rose 4.48 percent.

Health care stocks were also higher following news that President Donald Trump is not going to push for a repeal of Obamacare in a tax bill. The sector was also supported by news that Roche has concluded trials against lung cancer. The stock soared 5.87 percent on the news.

Mining stocks helped lift the FTSE in London as Glencore International, Anglo American, and Antofagasta were up 1.6 percent, 1.3 percent, and one percent respectively.

Media stocks also reported strong gains, with ProSiebenSat.1 leading advances. The German broadcaster climbed 3.22 percent, following news that its CEO, Thomas Ebeling, will be leaving the company in February.

Bucking the trend were insurance stocks, which struggled to report gains by the close. Financials were also under pressure during trade.