European shares closed higher on Monday after strong macroeconomic data out of China, upbeat comments about Greece's future in the euro zone, and hopes that Spain is edging closer to requesting a bailout.
The FTSEurofirst 300 Index provisionally closed 0.5 percent higher at 1, 098.60 points.
On Monday, Reuters quoted senior euro zone sources as saying that Spain is expected to make a bailout request in November, although Spanish Prime Minister Mariano Rajoy has remained adamant in public that the country does not need bailing out.
A bailout deal would open the door for Spanish bond purchases by the European Central Bank, under its pledge to stand by the euro.
The Spanish IBEX 35 Index provisionally closed up 0.2 percent.
"It seems that there is a constructive mood around in Europe, " said Gerhard Schwarz, head of equity strategy at Baader Bank. "That's what the markets want to see."
That more positive sentiment was supported during the session by U.S. retail sales data that rose more than expected in September, buoying the outlook for the world's largest economy and raising the prospect of a boost to sales for European firms operating there.
German Finance Minister Wolfgang Schauble had some
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In stocks news, banks — which have direct exposure to euro zone sovereign debt — saw the most gains across Europe with Standard Chartered, Credit Agricole, Commerzbank and UBS all closing firmly in the black.
Royal Bank of Scotland shares were
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