LONDON– European stocks rose dramatically on Monday as international markets rally on falling U.S. Treasury yields and boosted by positive news on the coronavirus vaccine front.The pan-European Stoxx 600 leapt 1.7% in early trade, with fundamental resources including 2.7% to lead gains as all sectors and major bourses went into favorable territory.The sharp rise for European markets comes after U.S. stock futures rose greatly in overnight trading as Treasury yields continued to pull back from their highs from last week. Stocks had actually been under pressure over the last few weeks as increasing yields made equities look less appealing to investors.The major averages rose for February, strengthened by a strong revenues season, positive news on the vaccine rollout and hopes of another stimulus bundle. That was lower than Januarys reading of 51.3, however still above the 50 level that separates growth from contraction.A private survey released Monday also revealed Chinas production activity in February growing at a slower pace.In Europe Monday, revenues came from Bunzl and Bank of Ireland, and a raft of information releases consist of manufacturing PMI information, U.K. mortgage approval data and inflation figures from Italy and Germany.In terms of specific share cost movement, British housebuilder Persimmon and British Airways parent IAG both climbed more than 5% in early trade to lead the European blue chip index.

By