European stocks closed higher as investor sentiment improved

Indicators rose European stocks At the close of trading today, Monday, amid improved investor sentiment towards the eurozone economy.

Statistics published today, Monday, showed that consumer sentiment in the euro zone improved by 1.1 points in January, compared to December’s reading.

The European Commission said preliminary estimates showed consumer sentiment in the euro zone improving to minus 20.9 this month from minus 22 in December.

The broader Stoxx 600 index received support from gains in the technology sector by 2.2%, while it was pressured by losses in the insurance sector by 0.5%.

At the end of the session, the British FTSE 100 index rose by 0.2%, or the equivalent of 14 points, to 7784 points, and the French CAC 40 rose by 0.5% to 7032 points, and the German DAX rose by 0.5 % to 15,103 points, while the Stoxx 600 rose 0.5% to 454 points.

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Alexandra Hartman Editor-in-Chief

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