European shares rise during morning trading, led by strong gains of the British market

European stocks rose during early trading on Monday in the first week's sessions, to continue to rebound for the second straight session, from the lowest level in eight weeks, and the British market achieved strong gains after the decline of sterling against a basket of currencies, in addition to the continuation of the energy sector gains, benefiting from the rise of oil prices in the global markets.

The Dow Jones Stoxx Europe 600 index rose 0.2 percent by 10:10 GMT, the index ended Friday's session up by 0.1 percent after scoring earlier the lowest level in eight weeks and with the shares of the banking sector recovery and the recovery of Deutsche Bank shares.

Britain's FTSE 100 rose 1.2 percent to be the biggest winner of all the major indices in Europe, after the British currency decline against a basket of currencies after the prime minister's remarks.

British prime minister "Theresa May" emphasized its intention to begin the separation procedure of the European Union during the first quarter of next year.

The energy sector resumed the strong gains and the rise in shares of oil and gas companies, with the sector taking advantage from the rise in oil prices for the fourth day in a row, recording the highest level in six weeks with receding concerns about the glut of global supply after OPEC agreement to cut production for the first time in eight years.

European banking sector rebounded on Friday and shares of Deutsche Bank rose more than 6 percent after France-Presse Agence reported that Deutsche Bank came close to an agreement with the US Justice Department to pay $ 5.4 billion, less than half the amount imposed in the beginning as a part of the investigation about securities backed by mortgages were sold fraudulently.

Futures for the S & P 500 rose 0.2 percent, and the index ended the Friday session on Wall Street, up by 0.8 percent, with the recovery of the financial sector shares and easing worries about the Deutsche Bank.

As for the most important European markets indices euros Stoke 50 index rose 0.2 percent, and France's CAC 40 Index climbed 0.3 percent, and in London Financial Times 100 index increased the amount of 1.2 percent, and in Germany the stock markets were closed for a public holiday in the country.