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The pan-European Stoxx having lost more than 0.8% at the start of trading.
British supermarket chain Morrisons surged nearly 35% after rebuffing a proposed £5.52 billion takeover from private equity firm CD&R.
The pan-European Stoxx 600 ended the session up by 0.7%, having lost more than 0.8% at the start of trading. Autos added 3% to lead gains as almost all sectors and major bourses finished in positive territory.
U.S. stocks bounced back into positive territory on Monday.
Shares in Asia-Pacific dropped in Monday’s trade, however, led by a 3.3% plunge for Japan’s Nikkei 225.
Surge come as investors continue to digest new economic projections from the Federal Reserve and worry that rate hikes could come sooner than expected.
In terms of individual share price movement in Europe, British supermarket chain Morrisons surged 34.6% after rebuffing a proposed £5.52 billion ($7.62 billion) takeover from private equity firm Clayton, Dubilier & Rice on the grounds that it “significantly undervalued the company and its potential.” The rejection prompted speculation that CD&R will be forced to raise its offer.
At the bottom of the European blue chip index, German telecoms company Freenet fell 6.9%.
