European stocks rise on promising German economic data

European and Asian stocks rose on Monday as investors cheered German economic data that indicated inflation in Europe’s largest economy was slowing.

Europe’s region-wide Stoxx 600 rose 0.2 per cent, extending its rally from last week, while France’s Cac 40 edged up 0.4 per cent and London’s FTSE 100 gained 0.3 per cent in the first hour of trade.

The moves came after Germany said its wholesale price index recorded its first year-on-year drop since December 2020. The decline added to signs the European Central Bank’s tightening campaign was cooling the region’s economy.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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