European Markets Rally as Investors Eye Eurozone Inflation and PMI Data

European stock markets opened higher on Monday, with investors closely watching the latest inflation figures from the Eurozone, expected to show a decline in February. Additionally, manufacturing PMI reports for the Eurozone, Germany, and the United Kingdom are anticipated, adding to the day's economic indicators.

The DAX index saw an increase of 0.75% at the opening, with Siemens Energy shares rising by 0.95% at 9:01 am CET. By 9:00 am CET, the Euro Stoxx 50 had gained 0.10%, and the CAC 40 was up by 0.30%. Safran led the gains on both indexes, jumping 2.76% at 9:01 am CET. Meanwhile, the FTSE 100 opened 0.24% higher, with Rolls-Royce shares soaring 4.04% at 9:02 am CET.

In currency markets, the euro was up by 0.29% against the dollar at 8:58 am CET, trading at 1.04047. The pound also saw gains, adding 0.16% against the dollar to trade at 1.26014 at the same time.