European stocks close Monday with major gains

European stocks close Monday with major gains

Italy's FTSE MIB performs best, soaring 1.7%; 3 exchanges gain more than 1%

By Ovunc Kutlu

ISTANBUL (AA) - European stock exchanges closed Monday with major gains.

The STOXX Europe 600, which includes around 90% of the market capitalization of European markets in 17 countries, was up 1.62 points, or 0.32%, to close at 513.04.

The UK's FTSE 100 rose 2.64 points, or 0.03%, to finish at 8,166, while Germany’s DAX gained 55 points, or 0.3%, to reach 18,290.

France's CAC 40 increased 81 points, or 1.00%, to close the session at 7,561.

Spain's IBEX 35 added 113 points, or 1.04%, to end the day at 11,057.

Italy's FTSE MIB was the best performer of the day, soaring 562 points, or 1.7%, to hit 33,716 by the closing bell.

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