European Markets Open Higher on Positive Economic Indicators

European stock markets experienced a positive start to the week, buoyed by Germany's latest economic reports. The DAX, FTSE 100, CAC 40, and Euro Stoxx all saw gains, with notable performances from Adidas, WPP, Thales, and Adyen.

Germany's Economic Reports Fuel Optimism

Germany reported an increase in industrial production for January, alongside a slight dip in its trade balance. These figures have contributed to a sense of optimism among investors, who are also looking forward to upcoming reports on Eurozone investor sentiment, Italy's producer prices, and BioNTech's earnings.

Currency Movements Reflect Market Sentiment

The euro and pound both saw declines against the dollar, reflecting the broader market sentiment and anticipation of further economic indicators.