LONDON — European markets closed up on Monday, as data showed that factory output in the euro zone expanded more than expected in August, and fears of a military strike on Syria diminished. The CAC 40 in Paris and the FTSE MIB in Milan grew 1.8 percent each to 4,006.01 and 16,988.57, respectively. The DAX in Frankfurt climbed 1.7 percent to 8,243.87, while London’s FTSE 100 advanced 1.5 percent to 6,506.16 as a U.K. factory index increased to a two-and-a-half-year high last month.
The market in New York was closed for the Labor Day holiday. The pound traded at $1.51 against the dollar, while the euro was worth $1.31 and the Swiss franc $1.07.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"