Global stock markets are gaining momentum on the politics and hopes of holiday retail

Wall Street bounced back on Monday, buoyed by retailers 'expectations garnering online sales during a holiday season shopping period, while European equities rallied after signs indicating that the company' s retail sales were on the rise. Italy was preparing to review their spending plans that fueled tensions with the European Union have recovered.

Oil prices also recovered after its "black" Friday, reinforcing the risk sentiment, and the pound sterling rose after the British Brexit deal was approved by European leaders.

Online retailers expected $ 7.8 billion in sales during the largest Internet shopping day of the year. Buyers who missed the Black Friday market should go online to Cyber ​​Monday.

"All indications are that holiday store sales are robust and consumer discretionary is taking a little respite today," said Art Hogan, chief market strategist at B. Riley FBR in New York.

The Dow Jones Industrial Average rose 354.29 points, or 1.46%, to 24,640.24, the S & P 500, from 40.89 points, or 1.55%, to 2,673 points. , 45 and the Nasdaq Composite of 142.87 points, or 2.06%, at 7,081.85.

The rebound came after the S & P 500 recorded its lowest close in six months on Friday, down more than 10% from the September highs, putting it back into "correcting" territory.

The pan-European STOXX 600 Index rose 1.23% and the MSCI World Stock Index lost 0.48%.

Reuters announced Monday that the Italian government coalition could reduce the budget deficit target of next year to 2% of the gross domestic product, in order to avoid disciplinary sanctions from the European Commission .

Italy's deficit target is currently 2.4%, which is well above the 0.8% rate set by the previous government. The country's budget has put him in conflict with the Commission and alarmed the euro area.

The prospect of a deficit reduction drove the Italian banks index up 4.83% on Monday, to its best day since June. An equally strong recovery in the bond markets has reduced Italian borrowing costs to their lowest level since September.

The euro was down 0.13% to $ 1.1325, while the pound was trading at $ 1.2809, down 0.02% on the day.

The euro quickly gave up its gains against the greenback after European Central Bank President Mario Draghi acknowledged the slowdown in growth in the region.

The dollar index rose 0.18%.

Oil exceeded $ 60 per barrel, recovering some of the drop by nearly 7 percent from the previous session, although uncertainty over global economic growth limited gains.

US crude rose 2.5% to $ 51.68 a barrel and Brent finished last at $ 60.55, up 2.98% on the day.