India, May 6 -- European stocks closed on a bright note on Monday, lifted by optimism about interest rate cuts by the Federal Reserve and the European Central Bank in the foreseeable future, and data showing improvement in Eurozone investor confidence and an acceleration in private sector growth.
The pan European Stoxx 600 climbed 0.53%. Germany's DAX jumped 0.96%, while France's CAC 40 ended 0.49% up, while Switzerland's SMI both ended higher by 0.49%. The London Stock Exchange was closed today for a Bank Holiday.
Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Netherlands, Norway, Poland, Spain and Sweden closed higher.
Iceland, Russia and Turkiye ended weak, while Portugal closed flat.
Media reports quoted ...