European stock exchanges extended gains into the trading session on Friday following a slew of data releases. The report on the business activity in Germany and across the euro area pointed to a modest recovery, seemingly boosting the optimism in the markets.
Industrial producer prices in the Eurozone declined on the monthly basis, with the costs in energy industry driving the downward trend in the January reading. The report on Britain's private sector activity expanded above the 50-neutral threshold for the first time in six months.
Frankfurt's DAX jumped 1.09% or 166 points at 12:21 pm CET. The Euro Stoxx 50 increased 0.95%, the CAC 40 gained 0.79%, and London's FTSE 100 rose 0.31%.
The euro climbed 0.12% versus the dollar, to go for $1.06129 at 12:24 pm CET. The pound sterling grew 0.29% against the greenback, to sell at $1.98451.
