European stocks set to begin the week optimistically due to sustained market support from the Fed's rate reduction.

The U.S. Federal Reserve's interest rate cut last week has caused global markets to react positively, and European stocks are predicted to begin the week in a positive position.

According to IG's data, the U.K.'s index has opened 46 points higher at 8,245, Germany's index has increased by 87 points at 18,810, France's index has risen by 40 points at 7,359, and Italy's index has surged by 169 points at 33,821.

The Fed's 50-basis-point cut last week has led global markets to trade higher, with Asia-Pacific markets being mostly higher overnight as investors considered monetary policy decisions from Japan, China, and the Fed.

The blue-chip index reached a record closing level due to enthusiasm for last week's interest rate cut, but Dow futures were near flat Sunday night.

In Europe on Monday, the focus will be on the preliminary purchasing managers' index data for France, Germany, and the U.K., with no major earnings releases scheduled.