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And he went upstairs European STOXX 600 index 0.3 percent, heading for record gains for the eighth consecutive session.
Shares of mining companies and carmakers, which are highly sensitive to the Chinese economy, rose 1.6 percent and 0.7 percent, respectively, while shares of LVMH and luxury goods company Richemont rose more than 2 percent.
Germany’s DAX index rose 0.2 percent to a record high.
State media reports citing a meeting of the Political Bureau of the Central Committee of the Communist Party of China China Next year, it will implement a more proactive fiscal policy and a moderately accommodative monetary policy, along with other stimulus measures.
Traders await Wednesday’s US inflation data to speculate on the pace of potential interest rate cuts by the Federal Reserve, while the European Central Bank is expected to cut interest rates by 25 basis points on Thursday.
Among corporate stocks, Banco BBM rose 2 percent, while UniCredit fell 0.9 percent after Credit Agricole said it was preparing to increase its stake in Banco BBM.
Shares in German meal prep company Hello Fresh fell 8.2 percent as traders pointed to a report on a US investigation into child labor allegations.
Shares in Compu Group Medical jumped about 30 percent after the German e-healthcare software company said it was in advanced talks to be taken over by CVC Capital Partners at a potential price of 22 euros ($23.24) per share. .
