European Equities Rise on Positive Data

European markets saw an uptick as investors reacted to the latest economic data, including Germany's services PMI and Italy's GDP and retail sales figures. The Eurozone's producer price index and services PMI are also eagerly awaited.

Swiss inflation has been reported to decrease to 0.3% in February, while French industrial production fell by 0.6% in January. In corporate news, Adidas and Bayer have released their fourth-quarter earnings reports.

Market Movements

The DAX led the charge with a significant 2.24% increase at the open, propelled by an 8% rise in Heildeberg Materials. The FTSE 100 and CAC 40 also saw gains, with notable movements in the Games Workshop Group and ArcelorMittal. The EuroStoxx 50 increased, with Siemens gaining 3.60%.

Currency markets saw the euro and pound sterling gain against the dollar, indicating a positive sentiment among investors towards European assets.