"This is an important sign for investors, as another standstill of the European economy would have devastating consequences," said Milan Cutkovic, Market Analyst at AxiCorp.
Markets were also waiting for US Federal Reserve Chairman Jerome Powell's speech on Thursday, which could offer further cues on the US economic recovery. "We've had a disappointing set of flash PMIs last week, which gives you an impression that after the initial rebound, the recovery is going to stall," said Andrea Cicione, head of strategy at TS Lombard.
HiQ International soared nearly 26 per cent after private equity firm Triton announced a 3.9 billion crown cash bid for the Swedish IT consultancy firm.
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