(RTTNews) - European markets closed on a positive note on Monday, riding on data showing an improvement in the manufacturing activity in the major economies of the region in the month of January. Slightly easing concerns about U.S.-Iran friction after U.S. President Donald Trump said he was hopeful of agreeing a deal with Iran helped as well in lifting sentiment. Investors looked ahead to the Euro...
(RTTNews) - European markets closed on a positive note on Monday, riding on data showing an improvement in the manufacturing activity in the major economies of the region in the month of January. Slightly easing concerns about U.S.-Iran friction after U.S. President Donald Trump said he was hopeful of agreeing a deal with Iran helped as well in lifting sentiment. Investors looked ahead to the European Central Bank's monetary policy announcement, due on Thursday. The pan European Stoxx 600 climbed 1.03%. France's CAC 40 gained 0.67%, while the U.K.'s FTSE 100 and Germany's DAX moved up 1.15% and 1.05%, respectively. Switzerland's SMI ended 1.67% up. Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Ireland, Netherlands, Portugal, Spain and Sweden ended with sharp to moderate gains. Iceland and Poland edged up marginally, while Norway, Russia and Turkiye closed weak. In the UK market, JD Sports Fashion climbed more than 6% and Intercontinental Hotels Group gained 4.15%. IAG, AstraZeneca, Beazley, Ashtead Group, Natwest Group, Compass Group, Easyjet, Barclays, GSK, Aviva, Airtel Africa, Howden Joinery, Standard Chartered, IMI and Lloyds Banking Group moved up 2.3%-4%. Endeavour Mining, BAE Systems and Autotrader Group declined sharply. Fresnillo, Melrose Industries and Experian also closed weak. In the German market, Siemens Energy, Commerzbank, SAP, Deutsche Telekom and Hannover Rueck gained 2%-2.6%. Allianz, BASF, Continental, Siemens, Fresenius, Heidelberg Materials, Gea Group, Mercedes-Benz and Daimler Truck Holding moved up 1%-1.8%. Rheinmetall dropped about 2.7%. Beiersdorf, Qiagen, Symrise and Brenntag also ended notably lower. In the French market, Danone climbed 4.3%. ArcelorMittal moved up nearly 4%. TP, Accor, Publicis Groupe, Carrefour, Capgemini, Schneider Electric, Societe Generale and Bouygues gained 2 to 3.1%. Sanofi moved up 1.8% after the pharma major's genetic disorder drug showed promise in a late-stage trial...