Germany's benchmark DAX index closes up

The benchmark DAX index at the Frankfurt Stock Exchange climbed dramatically higher on Monday, closing at 9,814.79 points.

The prospect of more growth support from major central banks strengthened investors' confidence. More investors were convinced that the U.S. Federal Reserve would delay the interest rates rise due to the latest weak U.S. job data. Meanwhile, the European Central Bank might not end the large-scale asset purchase program as planned, according to business newspaper Handelsblatt. The blue-chip index climbed higher by 261.72 points, or 2.74 percent.

Salt and fertilizer producer K+S AG was the only stock which fell among the thirty DAX shares, plummeting 24.66 percent. German electric utilities company RWE AG St advanced the most, climbing 7.72 percent. In addition, Deutsche Bank AG and Deutsche Lufthansa AG both closed higher by 5.21 percent.

The turnover stood at 4.03 billion euros (around 4.5 billion U.S. dollars). K+S AG was the most traded share of the day with a turnover of 383.25 million euros, followed by Volkswagen AG Vz with 363.83 million euros. Endit