European stocks rise on hopes of reopening economies

European stocks rose on Monday on track for the first profit in three days on improving risk appetite as major European economies reopen gradually. 

Dow Jones Stoxx Europe 600 rose 1.3% after closing Friday unchanged. 

Last week, Dow Jones Europe rose 3.7%, the third weekly profit in a month on hopes for European recovery from the pandemic. 

Most sectors are looking forward to gradual reopneing in late May and June as cases of Covid 19 and deaths slow down. 

In Germany, MTU, the manufacturer of airplane engines, surged 6% alongside airliners as the Germany government prepare a 9 billion euros rescue bill. 

S&P 500 futures rose over 0.5% after closing 0.25% higher on Wall Street. 

In Europe, the Euro Stoxx 50 rose 1.4%, while Germany's DAX rose 1.7%, as France's CAC 40 added 1.25%, while Britain's markets were closed for a holiday.