Stock indices closed higher after the European Central Bank (ECB) President Draghi said the purchase of government bonds is possible. The ECB president was testifying to the European Union's Parliament on Monday. He reiterated that the ECB is willing to add further stimulus measures if needed. But Draghi pointed out that the ECB could purchase government bonds.

The ECB president noted that governments need to implement structural reforms.

Bundesbank said in its monthly report that Germany's economic growth was likely to remain weak in the next few months.

Eurozone's trade surplus widened to €17.7 billion in September from €15.4 billion in August, exceeding expectations for a rise to €16.2 billion. August's figure was revised down from a surplus of €15.8 billion.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,671.97 +17.60 +0.26%

DAX 9,306.35 +53.41 +0.58%

CAC 40 4,226.1 +23.64 +0.56%