FXstreet.com (Barcelona) - European stock markets have risen on Monday following increases in Asia on growing belief that the worst part of the economic crisis is already over. Euro and Pound have depreciated slightly during European trading time.
Eurostoxx 50 Index adds 0.72%, while German DAX index rises 1.65% and French CAC Index trades 1.07% above its opening level. London FTSE stock market is closed for holidays.
On the macroeconomic front, Euro Zone manufacturing PMI edged up to 36.8 in April, from 33.9 in March, pointing out to a slowdown in Euro Zone's industrial activity decline.
Euro and Pound weaken slightly
The Euro has lost during the European session, some of the ground Gained during Asian trading hours, dropping from 1.3345 intra-day high to 1.3255 low in European session. At the moment the Euro trades about its daily opening level, at 1.3265.
The Pound has dropped from 1.4980 high during Asian session to 1.4860 during the European morning time. At the moment the Pound trades around 1.4870; 0.25% below its opening level.
The USD/JPY remains trading in a narrow range below 99.60. Against the EUR, the Yen has reached a fresh two-week low at 132.88
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