European equities markets were higher Monday.
The FTSE Eurofirst 300 gained 2.37 percent to 1,514.49.
In Frankfurt the Dax was 1.78 percent higher to 7,474.33, while Madrid’s IBEX added 1.92 percent to 14,731.8 and the Paris CAC-40 was up 2.21 percent to 5,569.28.
Car and truck manufacturers saw gains.
Peugeot (Euronext: UG; OTC: PEUGY) was up 3.24 percent to €59.57 and Renault (Euronext: RNO) gained 3.79 percent to €98.74 in Paris, while in Frankfurt DaimlerChrysler (FWB: DCX; NYSE: DCX; TYO: 7663) was up to €62.45 and truck manufacturer Man (FWB: EDF1) gained 4.63 percent to €98.53.
Airlines were also higher, with Lufthansa (FWB: LHA) up 4.23 percent to €19.92 while Air France (Euronext: AF; NYSE: AKH) added 5.04 percent to €30.
Chemicals group Altana (FWB: ALT; NYSE: AAA) had the best day on the Dax with a gain of 5.15 percent to €15.71.
Meanwhile, the best performer on the CAC-40 was tire maker Michelin (Euronext: ML), which was 5.35 percent higher to €88.81.
Other gainers included steel maker ThyssenKrupp (FWB: TKA; LSE: THK) with a gain of 3.82 percent to €39.65 on a broker upgrade from “hold” to “add”.
Property investor Unibail (Euronext: UL) turned in the worst performance on the CAC-40, dropping 1.96 percent to €170.77, while the worst day on the Dax was in the financial services sector as MLP (FWB: MLPB) - formerly Marschollek, Lautenschlager, and Partner - with a decline of 2.84 percent to €12.33.
Software manufacturer SAP (FWB: SAP; NYSE: SAP) fell 0.53 percent to 39.29.
Food processor Groupe Danone (Euronext: BN; NYSE: DA) was 0.69 percent lower to €54.35, while drinks producer Pernon-Ricard (Euronext: RI) dropped 0.88 percent to €153.76.