Europe's stock markets rebounded at the open on Monday, having tumbled last week on banking-sector concerns after a raft of interest rate hikes.

Investors digested news that US lender First Citizens Bank has agreed to buy all the deposits and loans of collapsed rival Silicon Valley Bank.

In initial deals, London's benchmark FTSE 100 index of top companies jumped 1.1 percent to 7,484.36 points compared with Friday's close.

In the eurozone, Frankfurt's DAX index leapt 1.4 percent to 15,165.39 points, with Deutsche Bank surging 4.5 percent after slumping Friday.

The Paris CAC 40 won 1.5 percent in value to stand at 7,119.37 on Monday.

Asian stocks traded mixed in a cautious start to what could be another rocky week for global markets.