Industrial product in the euro area

European stock markets closed the trading of Thursday August 14, with a collective rise with an improvement in investor morale in light of the anticipation of the Alaska Summit to be held between US President Donald Trump and Russian Vladimir Putin amid hopes for progress towards an agreement to end the war in Ukraine.

The European Stoxx 600 index rose 2.70 points, or 0.49% to the level of 553.55 points at the end of the transactions.

The German DAX index closed the session on the rise of 181.23 points, or 0.75% to the level of 24366.82 points.

The British FTSE 100 index rose 12.01 points, or 0.13% when closed to 9177.24 points.

While the French CAC 40 index increased by about 65.37 points, or 0.84% when closing to the level of 7870.34 points.

This comes amid the optimism of investors with progress in the file of ending the Russian -Ukrainian war during the upcoming summit between Trump and Putin in the US state of Alaska on Friday.

The US President said, during an interview with “Fox News” on Thursday, that he believed Putin wanted to conclude an agreement to end the war in Ukraine.

But the Kremlin spokesman, Dmitry Peskov, said, on Thursday, that he expected the outcoming of the upcoming Alaska summit “would be a fatal mistake,” noting that there are no plans to sign documents after the summit, according to Interfax.

Also read: The Kremlin: It is a mistake to predict the outcome of the Alaska summit between Putin and Trump

In another context, the markets ignored the initial data issued by the European Statistics Agency “Eurostat” on Thursday, which showed that the industrial output in the eurozone witnessed a monthly decrease of 1.3% in June, which is greater than economists’ expectations in a Reuters survey of their opinions at a decrease of 1%.

This decrease, which is a reflection of the monthly increase in the product by 1.1%, which was recorded in May, is a slowdown in several countries, including Germany, and a decrease in the production of consumer goods.

Also read: The high price index in the United States increased by more than expectations during July

On a monthly basis, German industrial production decreased by 2.3%, according to Eurostat data.