European stocks close higher amid data, Ukraine crisis

Monday, 03. October 2022 17:31

Major European stock markets closed higher Monday amid the publication of fresh economic data and reports on the situation in Ukraine. The latest reports on the Ukraine crisis indicate that pressure in the Nord Stream transit system has stabilized.

Earlier, S&P Global revealed that the manufacturing activity in Germany decreased in September, with the Purchasing Managers' Index (PMI) coming in at 47.8, hitting a 27-month low. Meanwhile, the Eurozone figure stood at 48.4 in the same month, down 1.2 index points from the previous month.

At the close, the DAX gained 0.79% with Sartorius AG up by 4.70%. The CAC 40 added 0.53%, while ArcelorMittal improved by 3.61%, and the FTSE 100 rose 0.22%, as BT Group edged up by 5.21%.

The euro was up by 0.35% against the dollar at 5:28 pm CET, selling for $0.98356. In comparison, the pound climbed by 1.27% to go for $1.13110 at the same time.

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Author:
Baha Breaking News (BBN) / JG