By  on September 2, 2013

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.

Retail and luxury stocks were up, with the day’s strongest gainers including Asos, up 3.5 percent to 49.17 pounds; Compagnie Financière Richemont, 3.2 percent to 91.25 Swiss francs; Burberry, 2.9 percent to 15.78 pounds, and Ferragamo, 2.7 percent to 25.58 euros.

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