The FTSE 100 rebounded as the oil price strengthened, while European indices rallied in anticipation of further interest rate cuts at the bloc’s central bank meeting on Wednesday. 

London’s blue-chip index rose 0.6%, or 44 points, to 8,226, as Brent crude jumped 1.1% to $71.9 to recover some of last week’s 8% fall, supporting mining and energy companies. 

Hargreaves Lansdown’s head of markets Susannah Streeter noted that  investors appeared to be shaking off worries of a deeper global economic slowdown after Friday’s US mixed jobs report failed to nix recession fears.