London - Germany's DAX hit a record high as European stocks rose on Monday, extending their recent sharp rally as investors bet that the weakened euro would boost the region's economy and lift exporter earnings.
The DAX - which unlike many other European equity indexes factors in returns from dividends - rose 1.2% to break through the 12 000-point level for the first time.
The pan-European FTSEurofirst 300 index rose 0.7% to 1 589.57 points, its highest since late 2007.