European Equities on the Rise

European equities experienced a notable uptick, driven by the latest data releases. Germany's services PMI, alongside Italy's GDP and retail sales figures, played a significant role in this uplift. The Eurozone is also set to announce its producer price index and services PMI shortly.

Key Economic Indicators

Switzerland reported a decrease in inflation to 0.3% in February, while France saw a 0.6% decline in industrial production for January. Additionally, major corporations like Adidas and Bayer have released their fourth-quarter earnings reports, contributing to the market's positive momentum.

Market Movements

At the opening, the DAX led the charge with a 2.24% increase, significantly buoyed by Heildeberg Materials' 8% rise. The FTSE 100 and CAC 40 also saw gains, with notable movements from the Games Workshop Group and ArcelorMittal, respectively. The EuroStoxx 50 wasn't left behind, with Siemens marking a 3.60% increase.

Currency Fluctuations

On the currency front, the euro and pound sterling both gained against the dollar, indicating a robust appetite for European currencies amidst the market's positive performance.