European Stocks Finish Higher After German Data

European stocks finished Monday higher, opening the week with a positive performance, maintaining an upward trend for the second day in a row.

The STOXX Europe 600 Index rose 0.34 point or 0.07% to 472.68 points.

This is the highest closing value for the pan-European index since August 18.

In France, the CAC 40 Index gained 5.38 points or 0.08% to close at 6687.30 points, while the UK’s German DAX increased 35.56 points or 0.22% to 15887.31.

Earlier, the preliminary estimates published by Destatist on Monday showed that consumer inflation in Germany, as measured by CPI, decelerated sharply in August and remained flat as compared to the 0.9% rise recorded in the previous month. On a yearly basis, the CPI edged higher to 3.9% from 3.8% in July.