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The pan-European FTSEurofirst 300 increased by 0.8 per cent at 1,089.22 points early-on after regulators gave banks a transition period, easing the burden of Basel III rules, Reuters reported.
Justin Urquhart Stewart, director at Seven Investment Management, said following the announcement, it should be a quite an optimistic day.
He added: "Then there is the Chinese factory data which is also seen as a positive."
These facilities increased production in August with money growth easily topping expectations, the news provider noted.
Other gains to be made this morning came from Barclays and BNP Paribas which increased by 2.1 per cent to 4 per cent.
This news comes after European shares were slightly down on Friday ahead of the Basel III announcement with the FTSEurofirst 300 decreasing by 0.1 per cent at 1,081.02 points.
Posted by Greg Secker
