Mixed Economic Data Leads to Divergent Market Reactions

European stock market indexes closed mostly higher on Monday, reflecting varied responses to the latest economic reports from Germany, the United Kingdom, and the Eurozone. The data, which included manufacturing activity, unemployment rates, and house prices, either met or slightly missed expectations, causing mixed reactions across different sectors.

The DAX rose by 1.57%, or 307 points, with Adidas AG leading the charge, jumping by 3.18%. The Eurostoxx 50 also increased by 0.73%, driven by Hermes International SA's impressive 4.46% surge. Meanwhile, the FTSE 100 gained 0.20%, boosted by Howden Joinery Group PLC's 2.76% advance. However, the CAC 40 bucked the trend, decreasing by 0.20%, largely due to Stellantis NV's 6.37% plunge.

In currency markets, the euro declined by 0.91% against the dollar, trading at $1.04863 at 5:32 pm CET. Simultaneously, the pound sterling lost 0.81% to the US currency, changing hands for $1.26421.