Europe markets close higher at the start of a data-packed week
European stocks closed higher on Monday, starting a data-packed week on a positive footing as investors assessed what Donald Trump’s presidency could mean for markets.
The pan-European Stoxx 600 index provisionally closed 1.1% higher, with most sectors and major bourses in positive territory. Construction and materials stocks led the gains, ending nearly 2% higher.
The benchmark index logged its third consecutive weekly loss on Friday as market participants assessed the likelihood of universal tariffs from President-elect Trump.
Investors will scrutinize a fresh batch of economic data this week, including inflation readings in Germany and the U.S. and U.K. gross domestic product (GDP).
Wall Street also traded higher Monday after a strong rally last week; the U.S. stock market climbed to another round of records on Friday, as the Dow and S&P 500 wrapped up their best week in a year after Trump’s election win.
Source: CNBC
