European equities closed sharply higher on Monday, as a deal between Greece and its creditors looked to be edging closer.
It comes as crucial meetings of euro zone leaders and finance ministers to discuss new reforms offered by Greece to its creditors continued.
The pan-European Stoxx 600 index closed around 2.2 to 2.3 percent higher Monday, with all sectors trading in positive territory. Greece's main stock index was the strongest performer in Europe, closing 9 percent higher on the heightened expectations of an agreement.
U.S. stocks also rallied, as investors stayed optimistic on a deal between Greece and its creditors.