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By Bloomberg

European stocks advanced as a rebound in technology and construction companies outweighed sliding energy and commodity shares.

ASML Holding NV added 1.6 percent, leading a measure of technology stocks to the best performance of the 19 industry groups on the Stoxx 600. A gauge of builders climbed 0.8 percent. BP Plc and Royal Dutch Shell Plc dragged oil-and-gas shares down as oil traded near the lowest level in almost five months. BHP Billiton Ltd. and Anglo American Plc fell at least 1.6 percent as iron ore slid for a third day in China after trade and inflation data highlighted weakness in the world’s biggest steel producer.

The Stoxx Europe 600 Index rose 0.3 percent to 398.06 at 1:28 p.m. in London, reversing earlier losses of as much as 0.7 percent. The benchmark gauge pared a weekly gain on Friday as media and technology companies fell and U.S. jobs data fueled bets the Federal Reserve will raise rates this year.

Among stocks moving on corporate news, Banco Popolare SC advanced 4.1 percent after late Friday posting better-than- expected second-quarter earnings.

AstraZeneca Plc fell 0.8 percent after agreeing to pay Inovio Pharmaceuticals Inc. as much as $727.5 million for rights to an experimental cancer vaccine.

Dixons Carphone Plc slipped 0.7 percent after the U.K.’s data protection watchdog said it is looking into a cyber-attack on the company’s mobile phone retailer Carphone Warehouse.

Greece’s ASE Index rose for a third day, advancing 1.5 percent for the best performance among western-European markets.