European stocks traded in the green zone, heading for its largest three-day increase in more than three weeks. The market has optimism about global economic growth and a rise in price of shares of the banking and mining sectors dominates early trading.

Investors also drew attention to the statistics on Germany and the euro zone. Ministry of Economy of Germany said that the seasonally adjusted industrial production in June increased by 0.8% compared with the previous month. Economists had expected an increase of 0.7%. Manufacturing output increased by 1.5%, whereas in construction it fell by 0,5%. The data also showed that in the 2nd quarter, the industrial sector recorded a decline of 1% compared to the 1st quarter. " Overall, today's data weakened fears of a hard landing of the German economy in the 2nd quarter" said ING economist Carsten Brzeski

A survey presented by Sentix research group, showed that investor sentiment in the euro area improved significantly in August, as markets have examined the initial shock of the UK decision to leave the European Union. According to the data, investors confidence indicator rose in August to 4.2 points compared with 1.7 points in July. Analysts had expected the index to rise only 3.0 points. The sub-index of expectations rose in August to 4.8 points versus -2.0 points in July. However, the sub-index assessing the current conditions in the euro area deteriorated to 3.8 points from 5.5 points, reaching its lowest level since February last year. Investors more positively assess the prospects of Germany - the expectations index rose to 7.0 from 2.7 in July.

The composite index of Europe's largest enterprises Stoxx 600 rose 0.2 percent. Over the past three days, the index rose by about 2 percent. Stocks rose sharply on Friday as US employment data surpassed expectations. Fresh stimulus measures from the Bank of England to help the economy cope with the consequences of Brexit also supported the markets.

Barclays Plc's shares rose 3.3 percent after analysts at Exane BNP Paribas upgraded the lender securities rating to "buy" from "neutral."

The capitalization of BHP Billiton and Anglo American rose 3.4 percent, pushing up the shares of mining companies, which was caused by the increase in commodity prices.

Mediobanca SpA shares rose 3.2 percent amid reports that the French investor Vincent Bollore could increase its 7.9 percent stake in the Italian investment bank to 23 percent.

At the moment:

FTSE 100 +9.04 6802.51 + 0.13%

DAX +95.07 10462.28 + 0.92%

CAC 40 +23.99 4434.54 + 0.54%