Stock indices closed higher, remained supported by last week's further stimulus measures by the European Central Bank's (ECB). The central bank last Thursday cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3%. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt. The central bank will launch further four targeted longer-term refinancing operations (LTRO).
Market participants also eyed the Eurozone's economic data. Eurostat released its industrial production data for the Eurozone on Monday. Industrial production in the Eurozone climbed 2.1% in January, exceeding expectations for a 1.7% increase, after a 0.5% fall in December.
Non-durable consumer goods output increased 2.4% in January, capital goods output climbed 3.9%, while energy output rose 2.4%.
On a yearly basis, Eurozone's industrial production rise 2.8% in January, exceeding expectations for a 1.4% rise, after a 0.1% decrease in December. December's figure was revised up from a 1.3% drop.
Durable consumer goods climbed by 3.2% in January from a year ago, capital goods rose by 4.6%, non-durable consumer goods gained by 7.3%, while intermediate goods output increased by 1.9%.
Energy output declined by 3.7% in January from a year ago.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,174.57 34.78 0.57 %
DAX 9,990.26 159.13 1.62 %
CAC 40 4,506.59 13.80 0.31 %