PARIS (Alliance News) - The European markets were in positive territory on Monday, after Eurozone economic sentiment topped forecast. Investors were optimistic as Greece presents a list of economic reform proposals to international creditors today after Prime Minister Alexis Tsipras' earlier reform plans met resistance from EU leaders. Tsipras said in remarks published Sunday he is looking for a "happy ending" in his current talks with EU creditors. "I am confident there will be a happy ending soon to this first phase of the negotiations, and to normalizing the situation," Tsipras said. On the data front, Eurozone economic sentiment rose for the fourth successive month to its highest level in nearly four years, exceeding economists' expectations, survey figures from the European Commission showed. The economic sentiment index climbed to 103.9 from 102.3 in February, revised from 102.1. Economists had expected a score of 103. The UK mortgage approvals rose to a 6-month high in February, the Bank of England reported. The number of mortgages approved for house purchases rose to 61,760 in February from 60,707 in January. This was the highest since August and above the expected level of 61,000. At 8.00 am ET, Germany's flash consumer price data is due. EU harmonized consumer prices are forecast to rise 0.1% on a yearly basis in March after falling 0.1% in February. Consumer price inflation is expected to rise to 0.3% from 0.1% in the prior month. The Euro Stoxx 50 index of eurozone bluechip stocks was gaining 1.11%, while the Stoxx Europe 50 index, which includes some major UK companies, was adding 0.91%. The German DAX added 1.5% and the French CAC 40 rose 1.1%. The FTSE 100 index of the UK climbed 0.5% and Switzerland's SMI gained 0.9%. In Frankfurt, Infineon Technologies gained 2.7% and Continental added 2.6%. Basf and Linde rose 2.2% and 2%, respectively. Kepler Cheuvreux raised adidas to "Buy" from "Hold." The stock added 1.2%. On the CAC 40, Alcatel Lucent rose 2.8% and Gemalto added 2.6%. Societe Generale, Credit Agricole and BNP Paribas were rising between 2.5% and 2.1%. Renault climbed 2.6%. Peer Peugeot was adding 3.2% on the CAC AllShares. In London, Kingfisher climbed 3.2%, after reporting that its proposed Mr Bricolage acquisition has collapsed. Ashtead and ITV were adding 2.4% and 1.9%, respectively. Meanwhile, oil firm BG Group fell around 3% and Smiths group was losing over 2%. The Asian stocks rose, following cues from Wall Street in the previous session, even as lower commodity prices kept energy and mining stocks under pressure. In the US, futures point to a higher open on Wall Street. In the previous session, stocks broke a four-day losing streak after Fed chair Janet Yellen struck a cautious note on interest rates, saying a rate hike may be warranted later this year, but any increase in interest rates would be gradual and data dependent. The Dow and the S&P 500 rose about 0.2% each, while the tech-heavy Nasdaq advanced 0.6%. Crude for May delivery fell USD0.96 to USD47.91 per barrel, while gold dropped USD14.8 to USD1185.0 a troy ounce.

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