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European stock markets opened higher today amid investor reassurance following the deal late last week to acquire struggling rival Credit Suisse from UBS, BTA reported. citing CNN.

Shortly after the start of trading, London's FTSE 100 was up 78.28 points, or 1.09 percent, at 7,483.51.

In Frankfurt, the DAX rose 1.22 percent, or 182.73 points, to 15,116.11.

The Paris CAC 40 added 102.25 points, or 1.46 percent, to 7,115.39 points.

The pan-European Stoxx 600 rose 0.88 percent, with banks leading the way with a gain of 1.8 percent.Shares of companies in the retail and mining sectors rose about 1 percent on average.