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Europe's benchmark Stoxx 600 Index jumped 1.5 per cent to 224.89 at 08:29 GMT, reports Bloomberg. Last week the index saw a steep drop of 4.6 per cent over the course of the trading period.
And the market's improvement was not just centred on Europe - the MSCI Asia Pacific Index gained 1.9 per cent and contracts on the Standard & Poor 500 Index expiring next month jumped 2.1 per cent.
"The new trading week is starting on an upbeat tone as Asian markets throw their weight behind positive news stories from the eurozone," Terry Pratt, an institutional trader at IG Markets in Melbourne, told the news provider.
Asian markets struggled last week as they were affected by a lack of investor confidence across the globe. Reuters reported that the Nikkei 225 ended down 0.1 per cent on Friday.
Posted by Chris Weaver
