European Equities on the Rise

European markets witnessed a significant uptick as investors reacted to the latest economic data releases. Germany's services PMI, alongside Italy's GDP and retail sales figures, painted a hopeful picture for the region's economic recovery.

Economic Indicators in Focus

Swiss inflation saw a decrease to 0.3% in February, while French industrial production experienced a 0.6% drop in January. The Eurozone's producer price index and services PMI are eagerly awaited, adding to the day's economic highlights.

Corporate Earnings Stir the Market

Adidas and Bayer have unveiled their fourth-quarter earnings, contributing to the day's market dynamics. The DAX soared by 2.24%, with Heildeberg Materials leading the charge with an 8% increase. The FTSE 100 and CAC 40 also saw gains, propelled by notable performances from the Games Workshop Group and ArcelorMittal, respectively.

Currency Movements

In currency markets, the euro and pound sterling both gained against the dollar, reflecting the optimistic sentiment across European markets.