Strong Chinese Data Raises German stocks And London Drops on Lockdown Fears

Most of the European markets started trading in November on a positive note, as the acceleration of Chinese factory activities helped ease concerns about a second wave of the outbreak of Covid-19 that caused the re-imposition of closures in major economies.

The German DAX index, which is based on trade, rose 0.3% after a special survey showed the Chinese factory sector accelerated at the strongest pace in nearly a decade in October.

The French CAC40 index rose slightly after steep losses last week.

The European Stoxx600 index recorded its worst weekly decline since mid-June last week after France and Germany imposed general closures, while several other European countries have tightened restrictions.

Markets in London retreated, with the FTSE100 index falling 0.1%, after Prime Minister Boris Johnson announced over the weekend that new restrictions on the level of England would take effect after midnight Thursday and continue until December 2nd.