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5/30, 5:31 PM (Source: TeleTrader)
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Europe closes higher after economic data

Major European stock market indexes closed the trading session higher on Monday after the data on consumer confidence in the euro area revealed a minor increase. Meanwhile, Germany's top objective remains to keep inflation under control, which is expected to reach 7.9% this month.

Moreover, the European Union will likely reach a consensus on the Russian oil embargo in the next 48 hours as part of the impending sanctions package against Moscow. The DAX improved by 0.79% or 113 points, with Delivery Hero as its best performer, gaining 9.70% at the closing bell.

London's FTSE 100 ended the trading session with an increase of 0.19%, with Melrose Industries Plc rising by 5.31%. The CAC 40 grew by 0.72%, with Hermes International SA pulling the index up by 4.12%. The euro traded 0.45% higher against the dollar, selling for $1.07835 at 5:25 pm CET, and the pound was 0.18% higher against the dollar, going for $1.26553 a minute later.

Baha Breaking News (BBN) / AB