Europe closes higher on mostly positive data

Monday, 03. May 2021 17:31

Major stock markets in Europe ended the trading session in the green on Monday as a slew of economic data reports dominated the news. Germany had a mixed showing with the country's retail sales going up in March, exceeding market expectations, but its manufacturing Purchasing Managers Index (PMI) decreased for the month of April. Meanwhile, the Eurozone's manufacturing PMI reached a record-high in April, as the European Commission proposes the easing of travel curbs in an effort to revive the tourism industry.

The DAX was up by 0.61% at closing, with Covestro AG leading with a 2.61% increase. The CAC 40 increased 0.49% at the end of the session, as Renault rose by 1.70%. The FTSE 100 was closed due to the Early May bank holiday in the United Kingdom.

The euro climbed against the dollar 0.37% trading for $1.20646 at 5:33 pm CET, while the pound was up 0.70% against the American currency trading for $1.39188 a minute later.

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Breaking the News / OL