U.S. stock market indexes made strong gains in Monday’s trading.

The Dow Jones Industrial Average gained 1.5 percent to end at 12,037. The S&P 500 moved up 1.5 percent to close at 1,298 while the NASDAQ jumped 1.8 percent to finish at 2,692.

European stock markets advanced strongly by the close of trading. London’s Financial Times 100 index rose 1.2 percent to end at 5,786. The CAC-40 in Paris jumped 2.5 percent to finish the day’s trading at 3,904 and the DAX in Frankfurt gained 2.3 percent to reach 6,816.

In Asia, Tokyo markets were closed Monday for a national holiday . Hong Kong’s Hang Seng index jumped 1.7 percent to end at 22,685.

The price of gold rose more than $8 to trade at $1,427.40 an ounce.

The dollar was higher against the yen but lost value compared to the euro.