European stocks opened slightly higher,coach outlet with soothing comments from Fed Chairman Ben Bernanke that the U.S. economy's recovery remains on track, and healthy gains in Asian markets offering European bourses some support.

The U.K. FTSE 100 index was 0.2% higher, Germany's DAX advanced 0.2% to 5915 and France's CAC-40 index gained 0.5% to 3430.61.

Fears of a double-dip global recession have increased since the release of Friday's disappointing U.S. jobs report, even if it is too early to pass judgment based on the basis of one month's data, said Crédit Agricole Corporate & Investment Bank.

However, European Union officials(cheap coach bags) have sought to calm worries about the potential for renewed fiscal crises in the future by agreeing to monitor national budgets more closely, and at an earlier stage, while introducing a wider range of sanctions on excessive deficits.

Also, the governments of the 16 euro-zone countries finalized the details of a 500 billion ($595.85 billion) emergency loan program for euro-zone members. Governments in the euro zone will guarantee the 440 billion in proportion to their participation in the European Central Bank, plus an extra 20% to ensure that the fund will be able to repay creditors if one euro-zone government is not able to live up to its guarantee.

On Wall Street Monday, stocks fell as investors continued to worry about European sovereign debt, while data on U.S. consumer spending also sparked concerns about the economic recovery.

Overall, the Dow Jones Industrial Average fell 1.2% to 9816.49, while the Standard & Poor's 500 index declined 1.3% to 1050.47 and the Nasdaq Composite dropped 2.0%, to 2173.90 coach handbags.

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