European Markets Kick Off the Week on a High Note

As the new week begins, major European stock indexes have shown an upward trend, with investors keenly awaiting the latest inflation figures from the Eurozone. Expectations are set for a decrease in the annual inflation rate for February. Additionally, the market is poised for the release of manufacturing PMI reports from the Eurozone, Germany, and the United Kingdom, which are anticipated to provide further insights into the economic landscape.

Stock Performances and Currency Movements

At the opening bell, Germany's DAX index saw a 0.75% increase, buoyed by Siemens Energy's 0.95% rise at 9:01 am CET. The Euro Stoxx 50 and France's CAC 40 also experienced gains, with Safran leading the charge by jumping 2.76% at 9:01 am CET. Across the channel, the UK's FTSE 100 opened 0.24% higher, with Rolls-Royce shares soaring by 4.04% at 9:02 am CET.

In currency markets, the euro strengthened against the dollar, trading 0.29% higher at 1.04047 at 8:58 am CET. Similarly, the pound saw a 0.16% increase against the dollar, reaching 1.26014 at the same time.