European shares close higher after positive data

high stock

European stock indices rose during Monday’s trading, amid quiet trading in addition to the release of positive economic data.

Germany’s consumer price index rose to 8.7%, the highest level since 1973 in a sign of strong inflation in the euro zone’s largest economy.

The index of economic confidence in the euro area rose to 105 points last April, as did the service sector in the united bloc countries.

At the end of the session, the benchmark “Stoxx Europe 600” index rose 0.6%, or 3 points, to 446 points. The British “FTSE 100” rose 0.2% to 7,600 points, the German “Dax” rose 0.8% to 14,575 points, while the French “CAC” rose 0.7% to 6562 points.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.