(CNN) -- The major European stock markets opened higher on Monday after a similar rally in Asia-Pacific trading, with gains attributed to hopes for new U.S. economic stimulus efforts.
European and Asian markets appear to have reacted well to Friday's bounce on the Dow Jones.
The European rally followed a widespread spike in Asian and Pacific stocks.
Analysts credited developments in the United States during the weekend, including apparent progress toward a bailout of the troubled auto giants Ford, General Motors and Chrysler, for the surge.
In addition, President-elect Barack Obama told NBC's "Meet the Press" that his incoming administration would be looking for spending projects that would provide "the most bang for the buck" to stimulate the economy.
clipped from edition.cnn.com
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