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Shares of hydrocarbon exploration Energean led European stocks in morning trade, gaining 8.5%.

The company’s stock price fell after the publication of the full year result last Thursday, which showed it had turned from a $96.2 million loss to a $17.3 million profit and set out a growth plan.

Embracer Group, the Swedish media holding company, fell 13.6%.

In a statement on Monday afternoon, the firm said some of the partnership and licensing agreements it has in the works will end slightly earlier than planned.

Embracer was also featured in a Financial Times report citing investor concerns over the company’s light-touch approach to integrating new businesses and the gap between its actual and adjusted earnings.

European stocks were higher early Monday, with the Stoxx 600 index up 0.5% at 8:20 am London time.

Oil and gas stocks climbed 1.44%, mining stocks rose 1.36% and banks continued to regain some positive momentum, up 1.2%.

Bank of England Governor Andrew Bailey said in a speech on Monday night that he has confidence in the UK banking system and regulatory framework, which allows the central bank to remain focused on reducing inflation.

He described UK banks as “resilient, with strong capital and liquidity positions, and well placed to support the economy,” Sky News reported.

“We have a strong macroprudential policy regime in this country. With the Financial Policy Committee in the case of securing financial stability, the Monetary Policy Committee can focus on its own important work of returning inflation to the target,” said said Bailey.

The BoE raised its key rate by 25 basis points to 4.25% last week, after inflation was warmer than expected at 10.4% in February.

— Jenny Reid

Policymakers are right to shoot first and ask questions later amid the recent banking turmoil, Thanos Papasavvas, founder and CEO at ABP Invest, told CNBC.

Bitcoin and ether prices fell about 3% in Asian morning trade, according to Coin Sizes – after US officials filed a complaint against crypto exchange Binance and its co-founder Changpeng Zhao.

The filing alleges that the company is actively soliciting US users and undermining exchanges with its own “ineffective compliance program.”

Bitcoin fell 3.09% in the past 24 hours, according to Coin Metrics, and traded at $27,003 – while ether also fell 2.95% to $1,712.

Bitcoin is up about 63% quarter-to-date and on pace to mark the best quarter since the first quarter of 2021, when bitcoin gained 103.73%. It is also on pace to see a third consecutive month of gains.

Ether is also up 41.3% quarter-to-date and on pace for the best quarter since the first quarter of 2021, when the cryptocurrency gained more than 150%.

– Rohan Goswami, Gina Francolla, Jihye Lee

The market selloff earlier this month hurt small-cap stocks more than their larger peers.

However, Josh Bennett, senior portfolio manager at Alger, believes that volatility has created opportunities for investors to pick stocks that perform better in the medium to long term.

Bennett named three stocks that he says are likely to have resilient earnings through a potential recession.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Despite the volatile market, Morgan Stanley upgraded a raft of stocks in March, including both US and global picks.

Bullish calls span tech, pharmaceuticals and more, with the bank giving a stock a double upgrade. Here are five of the stocks upgraded by the investment bank:

CNBC Pro subscribers can read more here.

— Weizhen Tan

European markets are headed for a positive open Tuesday.

The UK’s FTSE 100 index is expected to open 18 points higher at 7,498, Germany’s DAX is 41 points higher at 15,177, France’s CAC is up 24 points at 7,104 and Italy’s FTSE MIB is 85 score higher than 25,822, according to data from IG.

On Tuesday, earnings are due from MAN Group and data releases will include French business climate data and Italian consumer confidence numbers.

— Holly Elliott