In markets overseas, Asia finished mixed, following China's new economic targets, while U.S. stocks struggled for gains at Europe's close as investors awaited indications on monetary policy from across the globe.
On Saturday, China's premier Li Keqiang announced a growth target of 6.5-7 percent this year at the annual National People's Congress, down from last year's "about 7 percent". Other targets included a consumer price index growth target of around 3 percent and a budget deficit at 3 percent of gross domestic product (GDP), Reuters reported.
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On the back of China's news and a solid recovery in metal prices, basic resources bounced back in late trade with Glencore finishing 6.7 percent up, and Antofagasta jumping 7.6 percent. BHP Billiton, Rio Tinto and Anglo American all posted gains of more than 3 percent.
Fresnillo and Randgold Resources, however, closed lower despite silver and gold prices posting solid gains. The sector closed up some 3 percent.
Investors in Europe are also eyeing the European Central Bank's upcoming policy meeting, due to take place this Thursday, with several market watchers expecting some form of further stimulus to be announced.
Ahead of Thursday's ECB event, U.S. investors will be keeping an eye out for any comment on the U.S.' current economic state, as Federal Reserve Vice Chair Stanley Fischer and Fed Governor Lael Brainard are expected to deliver speeches on Monday in Washington.
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