European shares rose on Monday, with cyclical sectors leading gains as investors hoped the upcoming earnings season will feed into signs of an economic recovery from the coronavirus-induced downturn.
The pan-European STOXX index rose 0.8pc by 07:20 GMT, with banks, automakers and oil & gas rising between 1.2pc and 2pc.
Miners gained 2pc on optimism over China's recovery and surging metal prices.
Global investor sentiment also brightened at the start of a week that kicks off the United States and European quarterly earnings season and includes a summit over the European Union recovery fund and a European Central Bank policy meeting.
Finnish valves maker Neles jumped 35.8pc to the top of STOXX600 after Swedish industrial group Alfa Laval announced a recommended €1.73bn cash bid.
Nordic bank DNB rose 9pc and Nordic Semiconductor gained 7.7pc following better-than-expected earnings reports.