Economic Indicators Drive Market Gains

Major European stock markets closed higher on Wednesday as investors analyzed final PMI data from Germany and the Eurozone, along with fresh producer price figures. S&P Global and Hamburg Commercial Bank (HCOB) confirmed that Eurozone business activity reached a 12-month high in August, though Germany's private sector showed some weakness. Meanwhile, Eurostat reported that Eurozone producer prices rose modestly in July.

Government Bond Activity

The German Finance Agency raised €3.8 billion from a 10-year bond sale at a 2.77% yield, although demand for the offering was relatively weak.

Market Performance Highlights

At the close, the DAX gained 0.46% and the EURO STOXX 50 rose 0.64%. Both indices saw Adidas AG climb significantly by 4.81%. The CAC 40 increased by 0.86%, with Airbus SE rising by 3.09%. Meanwhile, the FTSE 100 advanced 0.67% with Fresnillo PLC leading the gains with an impressive 8.08% increase.

Currency Movements

The euro traded 0.32% lower against the US dollar, selling for $1.16788 at 5:34 pm CET. Simultaneously, the British pound slid 0.43% against the greenback to trade at $1.134498.