European stocks rebounded on monday:ate cut and anticipation of developments in Ukraine’s peace plan. The pan-European STOXX 600 index rose 0.6 percent to 565.27 points after the index recorded on Friday its biggest weekly decline since late July.

According to Qatar News Agency, heavyweight bank shares and the technology sector each rose 1.1 percent, and the industrials sector increased 0.6 percent. Meanwhile, European defense stocks, which fell by more than three percent on Friday as peace talks advanced, dropped today by 0.4 percent. Bayer’s shares jumped 8.9 percent, topping the gains on the STOXX 600.