European shares rose at the open, extending gains from the previous session. 

German stocks, led by Deutsche Bank, rallied and investors cheered plans from Germany and China to counter slowing growth.

Deutsche Bank's shares jumped 3.6% and helped the DAX index climb 1.1%. 

Some major investors of the German bank want supervisory board chairman Paul Achleitner to step down before his term ends in 2022, a German magazine reported late last week.

Stocks across Europe were also boosted on Friday by a report that Germany's right-left coalition government would be prepared to ditch its balanced budget rule and take on new debt to counter a possible recession.

The People's Bank of China announced key interest rate reforms over the weekend to help steer interest rates lower.

FTSE 100 heads for best session in 10 days

Sharp rises in oil company shares drove Britain's FTSE 100 higher, after an attack on a Saudi oil facility by Yemeni separatists pushed crude prices higher, while Asia-exposed banks gained following moves by China to keep business interest rates low.

The FTSE 100 jumped nearly 1% on the open, its biggest one-day rise in more than 10 days, while the midcap index was 0.6% higher.

Shell and BP both rose 1.5%, tracking a surge in crude prices following a drone attack by Yemen's Houthi group on an oilfield in eastern Saudi Arabia on Saturday, which caused a fire at a gas plant and added to Middle East tensions.