European stocks moved higher on Monday, a day that is expected to see thinner volumes due to holidays in both the U.K. and the U.S. The Stoxx Europe 600 rose 0.3% to 342.73, getting a boost from record highs achieved in U.S. markets on Friday. U.S. gains were followed up by Asia overnight. Shares of French IT services company Bull SA soared 21% after Atos SE offered $844 million to buy its smaller rival. Italian banks were also among the big gainers, helping to push the FTSE MIB Italy index up nearly 3% to 21,335. Union di Banche Italiene SCpa jumped over 6%. The German DAX 30 index jumped 1% to 9,865.89, after a survey showed the economic outlook of consumers there is improving. The French CAC 40 index rose 0.5% to 4,515.63 and the Spain IBEX 35 index gained 0.7% to 10,635.90. A full reaction to the European Parliamentary elections, which showed strong gains for anti-European Union and Far-Right parties, especially in the U.K. and France, is not expected until U.K. markets return on Tuesday.

Copyright © 2014 MarketWatch, Inc.