European Markets on the Rise

European stock markets experienced a significant uplift on Monday, with Germany's DAX index leading the charge with an impressive gain of over 2.7%. This surge comes amidst reports of a slight decrease in euro area inflation to 2.4% in February and a partial recovery in manufacturing activity, despite the sector's overall contraction.

Defense Sector Sees Growth

In a notable development, defense companies witnessed a rise in their stock prices. This uptick follows European leaders' emphasis on the necessity to increase defense spending across the continent, highlighting a strategic shift towards bolstering security measures.

Market Indices and Currency Movements

By 1:46 pm CET, the DAX had jumped by 2.79%, with the Euro Stoxx 50 and CAC 40 also showing strong performances, rising by 1.37% and 1.49% respectively. The FTSE 100 wasn't far behind, increasing by 0.89%. On the currency front, the euro saw a 0.93% increase against the dollar, trading at 1.04709, and a 0.16% gain against the pound, selling for 0.82605.