European stock prices surged on Monday despite global credit ratings agency Standard and Poor's move to cut the ratings of nine euro zone nations.

Germany’s DAX 30 index jumped one-point-23 percent from last Friday to close at six-thousand-220 on Monday, while France’s CAC 40 index climbed 89-hundredths of a percent to close at three-thousand-225.

In Britain, the FTSE 100 index grew 37-hundredths of a percent to close at five-thousand-657.

Shortly following news that Standard and Poor’s downgraded the rating of nine euro zone countries, prices of major stock markets in Europe fell at the start of the day. However, prices later jumped thanks to reports that another ratings agency, Moody’s, will maintain France’s triple-A rating and France successfully sold around eight-point-six billion euros in short-term bonds on Monday.