European Stocks Close Higher on Positive Data

European stocks closed higher on Monday, supported by a positive sentiment among investors, thanks to economic data signaling a near recovery in the Eurozone.

The pan-European STOXX Europe 600 gained 1.55% and closed at 371.09.

In the London Stock Exchange, main index FTSE100 added 2.1%.

Benchmark French index CAC40 increased by 1.49%, while the German DAX index closed higher by 1.64%.

Retail sales in the Eurozone rose by 17.8% in May compared to a decline of 9.9% in April, recording its most significant increase since 1999, according to data by Eurostat.

Retail sales in Germany increased by 13.9%, and by 25.6% in France.