Search
Close this search box.

European Stock Markets Close Mostly Higher Amid Economic Optimism

Brussels: European stocks closed the first trading day of the week with gains, except for Italy and Spain. The pan-European Stoxx 600 index rose 0.18%, or 1.01 points, to close at 555.53.

According to Anadolu Agency, Germany's DAX 40 index inched up 0.02% to end at 23,745.06, and Britain's FTSE 100 index rose 0.16% to 9,299.84. The CAC 40 in Paris climbed 0.13% to end Monday at 7,880.87 points. However, Italy's FTSE MIB index was down 0.22% to 42,554.4, and Spain's IBEX 35 index fell 0.22% to close at 15,316.3.

On the data side, the economic confidence index in the euro area rose by 0.2 points on a monthly basis in September to 95.5, above market expectations. German flag carrier Lufthansa announced that it will cut 4,000 administrative jobs as it seeks to enhance efficiency through digitalization and automation. The euro/dollar exchange rate rose 0.21% to 1.1726 as of 1647GMT.