The pan-European STOXX 600 index rose 0.4%, personal and household goods companies, as well as travel and entertainment companies, and AXA 1.7% after Europe’s second-largest insurance company said its first-quarter sales rose 2%.
Siemens Energy also rose 0.9% after the energy group raised its sales forecast and posted a record order book of 102 billion euros ($112.28 billion).
German wholesale price index data also helped improve sentiment, as the data showed the index fell slightly in April, the first year-on-year decline since December 2020, while that other data showed that consumer prices in Sweden fell more than expected in April.
U.S. debt ceiling talks between President Joe Biden and Republican lawmakers look set to resume on Tuesday.
President Joe Biden’s administration has again warned of “catastrophic” consequences for the US economy, including massive job losses if the country defaults.
For its part, the Congressional Budget Office predicted on Friday that the country could default on its debt by June 15, if lawmakers fail to reach an agreement with Biden to lift current restrictions on debt. public expenses.
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