European stocks rebound in tandem with Oil

The stocks on the European bourses kicked-off the week on a stronger footing, staging a solid comeback from six-week troughs, on the back of higher commodities’ prices, particularly oil and bullion. Gold miners and energy stocks benefited the most from the broad based commodities’ rally, sending the region’s indices through the roof.

Amid top gainers, shares of the fracking pumps maker for oil companies, Weir Group Plc, jumped 4.4% after JPMorgan Chase & Co. recommended buying its shares. Mining giants BHP Billiton and Anglo American gained more than 2.5%.

Meanwhile, Germany's DAX 30 index rises +0.75% to 10,353, while the UK's FTSE 100 index rockets +1.40% to 6,804. Among the other indices, the French CAC 40 index rallies +1.39% to 4,392, while the pan-European Euro Stoxx 50 index adds +1.17% to 2,970 points.