5/30, 5:31 PM (Source: TeleTrader)
more TeleTrader news

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