European stocks close higher as investors monitor data and OPEC+ clash; Morrisons surges 11%
6 Jul 2021 | SET News
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European stocks closed higher on Monday, with investors digesting new data which showed euro zone business activity surging in June.
The pan-European Stoxx 600 closed up around 0.3% provisionally, having fluctuated either side of the flatline earlier in the day. Banks jumped 1.8% to lead the gains, while health care stocks slipped 0.4%.
U.S. markets were closed for the session due to the July 4 holiday weekend.
June’s final euro zone purchasing managers’ index showed business activity expanding at its sharpest rate for 15 years as Covid-19 restrictions were unwound across the continent. IHS Markit’s final composite PMI reading came in at 59.5, up from 57.1 in May and ahead of a “flash” estimate of 59.2.
In terms of individual share price movement, British supermarket chain Morrisons surged 11.6% after a third private equity group joined the race to acquire the company.
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