European stock indices ended the first session of the week on the rise, with the anticipation of economic data in America during the week, most notably the consumer price index.
The shares of mining companies led the gains of the European Stock Exchange, as the index rose by 2.7%.
By the end of the trading session, the STOXX600 index rose by 0.99% to 444 points, and the German DAX index ended the session with a gain of 1.34%.
The French CAC Index rose 0.98% while the FTSE Index rose 1%.
And European shares received support in the first sessions of the week from the jobs report in the United States for last May, which showed last week the economy added 390 thousand new jobs.
George Lagarias, Chief Economist at Mazars Wealth Management, stated that market volatility will continue with the Fed sticking to its focus on inflation, however he emphasized that financial markets are less concerned with interest rates that take a lot of time to pour into the real economy.
Just Eat Takeaway’s stock rose by 12%, while the Swedish chip company Storskogen Group’s stock declined by 7%.
