On Frankfurt's DAX, technology major Siemens, Infineon, a manufacturer of semiconductors and Henkel, a chemical and consumer goods company, were all 2% higher while thyssenkrupp, an industrial steel-maker, was up by 1.9%. The pan-European Stoxx 600 Index was 0.82% higher, London's FTSE 100 Index was up by 0.47%, Frankfurt's DAX was up by 1.20% and Paris' CAC-40 was 1.19% higher at the time of writing. European equity benchmarks followed Asian stocks higher on Monday morning as oil prices gained traction, Eurozone inflation continued to rise and acquisition news buoyed sentiment across the region.