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European stocks open strongly higher

European stocks open strongly higher
Photo Credit: Arabianeye - Reuters

Cairo-Mubasher: European stocks opened Monday with a strong gain after a weak U.S. employment report dampened expectations that the U.S. Federal Reserve will start raising interest rates soon.

At 8:30 GMT, Eurofirst 300 index rose nearly 1.8%, while EURO STOXX 50 was up 1.6%.

The giant mining company Glencore soared around 9%.

London's FTSE100 added 1.5%, and German DAX climbed by the same percentage.