Europe’s markets opened up on Monday, with Spain’s Ibex leading the way after the country swore in a new Prime Minister over the weekend.

After a disappointing week last week, hit by political uncertainty in both Spain and Italy, European shares recovered on Monday morning.

The FTSE 100 gained 37 points in early trading to hit 7740, currently up 0.73 percent to 7,758.24 (0910GMT).

Europe’s Stoxx 600 index is up 0.5 percent, with shares in France’s Societe Generale and Italy’s Unicredit holding up European markets as they consider a merger.

Strong US employment data also caused Asian shares to rally overnight, with Japan’s Nikkei gaining having its best day in almost six weeks and gaining around 1.4 percent.