European stocks open BOE-week on a stronger footing

The stocks on the European bourses set-off the week on an upbeat note, taking the positive lead from a solid rally in the Asian indices, as renewed optimism set into the markets following the announcement of additional economic stimulus by Japan.

Moreover, a minor-recovery in oil prices along with expectations of a rate cut by the BOE this week, also keep the sentiment buoyed.

Germany's DAX 30 index opened 1.10% up and now extends +1.72% just shy of 98k mark, while the UK's FTSE index opened 0.51% higher and is now seen +0.72% at 6,640.

Among other European indices, the French CAC 40 index rallies 1.53% to 4,253, while the pan-European Euro Stoxx 50 index rose 1.46% to 2,881.00 in early trading.