Price movements
The index concluded Stokes 600 The European session rose 0.4 percent, recovering some losses after its biggest one-day decline since August last session.
The auto sector led the gains among the major sectors included in the STOXX index, rising 1.9 percent, while the retail sector rose 1.2 percent.
A survey showed business activity in the euro zone contracted sharply and unexpectedly this month, as the bloc’s dominant services industry stagnated while the slowdown in manufacturing accelerated.
The broad-based slowdown began as the economic downturn deepened. Germanylargest economies Europewhile she returned Francethe second largest economy European Unionto contract after a boost from the financial gains of the Paris Olympics in August.
The German DAX index closed up 0.7 percent, while the French benchmark index closed relatively flat, affected by a decline in banking stocks.
The euro fell against the dollar, while the yield on two-year German bonds, which reflects expectations of interest rates in the near term, fell to 2.149 percent.
The interest-rate-sensitive real estate sector rose 1.3 percent, while utilities, often traded as an alternative to bonds, rose 1.1 percent.
And reduce European Central Bank Interest rates in June and also earlier this month.
Global financial markets witnessed strong gains last week after the US Federal Reserve Interest rates were cut sharply on Wednesday. The focus now turns to comments from policymakers for clues on the path forward for interest rates.
Markets are awaiting interest rate decisions in Switzerland and Sweden later this week.
