European stock markets rose on Monday after strong U.S. payroll data on Friday buoyed Asian indices.

The FTSE 100 was recently up 0.42% at 6,825.11. The Dax rose 0.80% to 6,825.11 while the Cac 40 in Paris rose 0.43% to 4,429.70.

Banks and mining stocks led the risers, with Barclays(BCS) - Get Report recently on top of the FTSE 100 leaderboard, adding more than 3% to its market value, and BHP Billiton (BHP) - Get Report up more than 2%.

Across Europe, Deutsche Bank (DB) - Get Report was up more than 2% in Frankfurt, BNP Paribas and SocGen were up more than 1% in Paris, and in Milan UniCredit (UNCFF)  was up close to 6% and Monte dei Paschi gained 1.6%. Raiffeisen Bank, which was among the poorest performers in recent European Banking Authority stress tests, was up 1.4% in Vienna. The Italian banks shrugged off news late on Friday that Canadian rating agency DBRS placed Italy on a negative credit watch, though Italian 10-year government bond yields were recently up 2 basis points at 1.15%.

In London industrial investor Melrose was up almost 6% after it said a go-shop period at agreed bid target Nortek (NTK) had expired without the ventilation systems maker receiving a rival offer.

In Frankfurt Steinhoff International was up more than 1% after surprising investors with a $3.8 billion bid for Houston-based Mattress Firm (MFRM) . The takeover would be the first in the U.S. for the South African retailer.

West Texas intermediate was recently up 1.08% at $42.25 a barrel.

Copper was recently up 0.67% at $216.85 a pound.

German industrial output increased by a better than expected 0.8% in June from a month earlier, the Federal Statistical Office reported. The figures bode well for a eurozone output report due out on Friday.

Meanwhile the Bank of France's monthly index of business activity pointed to French economic expansion of 0.3% in the third quarter after the economy stagnated in the second quarter.

The central bank's business confidence index edged up to 98 in July, up from 97 in June and slightly above the 97 forecast.

The euro was recently up 0.04% against the dollar at $1.1090.

The Nikkei 225 closed up 2.44% in Tokyo at 16,650.57 after the yen fell against the dollar following the payrolls data.

In Hong Kong the Hang Seng was up 1.51% at  22,479.60 and on mainland China the CSI 300 rose 0.91% to 3,234,18.

Dow Jones Industrial Average mini futures were recently up 0.27% and S&P 500 mini futures were marginally up 0.25%