Stock indices traded higher, supported by a rise in oil prices and mining shares. Commodities were driven by a weaker U.S. dollar, which dropped on Friday’s weak U.S. labour market data.
Market participants also eyed the economic data from the Eurozone. Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index rose to 9.9 in June from 6.2 in May, exceeding expectations for an increase to 7.1. It was the highest level since December 2015.
A reading above 0.0 indicates optimism, below indicates pessimism.
“Investors’ perception brightens with regards to both current situation and expectation values,” Sentix said in its statement.
The current conditions index was up to 9.8 in June from 7.0 in May. The expectations index climbed to 10.0 in June from 5.5 in May.
German investor confidence index rose to 20.7 in June from 18.3 in May.
Destatis released its factory orders data for Germany on Monday. German seasonal adjusted factory orders fell 0.2% in April, beating expectations for a 0.5% decrease, after a 2.6% rise in March. March’s figure was revised up from a 1.9% increase.
The decline was driven by a drop in foreign orders. Foreign orders dropped by 4.3% in April, while domestic orders rose by 1.3%.
Current figures:
Name Price Change Change %
FTSE 100 6,266.72 +57.09 +0.92 %
DAX 10,132.32 +29.06 +0.29 %
CAC 40 4,426.03 +4.25 +0.10 %
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