London — European shares jumped on Monday and the bond market calmed, with yields dropping from their recent spikes, while optimism about US fiscal stimulus sent oil prices higher.

After Asian stocks rallied overnight, European share indices opened higher, with the Stoxx 600 up 1.7% at 8.37am GMT. London’s FTSE 100 up 1.8% and Germany’s DAX was up 1.3%...

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