Monday, October 3, 2022
Homeeurope marketsEuropean markets inch higher after euro zone data disappoints

European markets inch higher after euro zone data disappoints

  • European stocks traded around the flatline on Monday after euro zone data disappointed investors.
  • Euro zone economic sentiment eased more than expected in August from a record high in July, data showed.
  • U.K. markets are closed for a public holiday.

LONDON — European stocks posted mild gains on Monday, dismissive of broadly positive trade elsewhere in global markets.

The pan-European Stoxx 600 index rose less than 0.1% as market sentiment turned sour after data showed euro zone economic sentiment eased more than expected in August from a record high in July. The European Commission's economic sentiment index fell after a marked decline in optimism in France and the Netherlands.

U.K. markets were closed on Monday for a public holiday. Indexes for France and Germany also reported slight gains.

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