European stocks closed higher on Monday as investors reacted to earnings updates and awaited the upcoming European Central Bank decision. Data showing weaker growth in China’s exports and imports in September weighed on sentiment. The pan European Stoxx 600 rose 0.53%, with the UK’s FTSE 100 up 0.47% and Germany’s DAX gaining 0.69%. Designer goods manufacturers saw a decline due to concerns over weak demand from China. In the UK market, Vistry Group and other companies saw gains, while Entain and Flutter Entertainment faced losses.

In Germany, Rheinmetall and other companies gained, while Porsche and BASF saw declines. In France, Safran and other companies ended higher, while Sanofi and Kering faced losses. The overall market performance in Europe was mixed, with some countries ending higher and others weaker or flat. Investors are closely monitoring the Chinese stimulus announcement and upcoming ECB decision for further market direction.

Read more at Nasdaq: Major European Markets Close On Firm Note