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European markets close higher as investors assess the future for monetary policy; Saab is up 7%

European markets started the week well as investors assessed the economic outlook and the possibility of additional monetary policy tightening by the US Federal Reserve.

The pan-European Stoxx 600 index ended 0.9% higher, with most sectors and major bourses closing in the green. Household products led the way with a 2% rise, while oil and gas equities fell 0.2%.

The Federal Reserve’s future will be determined by consumer price index data announced Tuesday, as well as a slew of economic data from Europe and Japan.


FTSE 1007947.665.150.83
CAC 40 Index7208.5978.861.11
FTSE MIB27438.61170.440.63
IBEX 35 Idx9210.392.91.02


The Stoxx 600 index fell 1% on Friday as preliminary fourth-quarter GDP results from the United Kingdom indicated the economy barely averted recession, as expected.

US equities were also up in morning trade, powered by technology, as traders attempted to find their footing after the S&P 500′s and Nasdaq Composite′s worst weekly performances in nearly two months.

However, Asia-Pacific equities fell as investors anticipated a week of critical economic data releases.

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