European markets opened sharply higher Monday as the rate of new coronavirus infections appears to be slowing in the region.
The pan-European Stoxx 600 climbed 2.5% in early trade, with autos jumping 5.1% to lead gains as all sectors and major bourses entered positive territory.
Stocks are being buoyed by data showing the rate of new coronavirus infections and deaths there is slowing.
Italy, which was the epicenter of Europe's pandemic before Spain overtook it in terms of the number of cases, reported its lowest daily COVID-19 death toll for more than two weeks on Sunday, Reuters noted.
Source : CNBC