On Monday, European stocks rose as excitement over a strong start to the earnings season as it reversed a troubling re-emergence of COVID-19 cases throughout the world.

The pan-European STOXX 600 index rose 0.1 percent by 07:06 GMT while an index of eurozone shares rose 0.2 percent, trying to touch its highest point since September 2000.

Automakers lead the way with a 0.7 percent increase, followed by the miners and travel stocks.

Asian stocks:

Asian stocks also got mixed on Monday. This happened because investors expected a global economic turnaround from the pandemic.

Japan's benchmark index soon gave up the early profits. It further dropped 0.1 percent to 29,642.79 yen. Australia's S&P/ASX 200 also managed to gain 0.4 percent to 7,093.20, while South Korea's Kospi decided to add 0.4 percent to 3,212.41. The Hang Seng Index in Hong Kong started falling 0.4 percent to 28,856.21. The Shanghai Composite ended up falling 0.1 percent to 3,421.96 points.

The drop in Japan's index was the very first market reaction to Prime Minister Yoshihide Suga during the weekend meeting with President Joe Biden. Japan is lagging behind the rest of the civilized world, in terms of vaccine rollout. Suga, on the other hand, has met with Pfizer's CEO, seeking a consistent supply of the COVID-19 vaccine.

Japan has never really had a lockdown, and the country's regulations will have to be changed to allow for such an operation. According to Yoshimasa Maruyama, chief market economist at SMBC Nikko Securities, even though the proposed vaccine, following Suga's US visit supports Japan, but their willingness to take a tougher approach on China adds to investor’s concerns due to China's significance to the Japanese economy.