European stock markets rose on Friday due to better-than-expected business activity data. The Stoxx Europe 600 Index closed up 0.6%, the biggest one-day gain since August 4. According to data, private sector activity in the Eurozone unexpectedly improved in August, and the growth rate of the manufacturing industry hit the fastest rate in more than four years. The rise in metal prices led mining stocks to lead the way, while utilities and energy stocks were at the top of the decline. However, the data showed that due to poor summer trading, the trading volume of the benchmark index was about 20% lower than the 20-day average. The European stock market has been falling for two consecutive weeks, and the boost brought about by the strong earnings season has gradually subsided, while investors are still waiting for a new market catalyst as geopolitical uncertainty continues. However, the index is currently only about 1% below its record high.

European stock markets rose on Friday due to better-than-expected business activity data. The Stoxx Europe 600 Index closed up 0.6%, the biggest one-day gain since August 4. According to data, private sector activity in the Eurozone unexpectedly improved in August, and the growth rate of the manufacturing industry hit the fastest rate in more than four years. The rise in metal prices led mining stocks to lead the way, while utilities and energy stocks were at the top of the decline. However, the data showed that due to poor summer trading, the trading volume of the benchmark index was about 20% lower than the 20-day average. The European stock market has been falling for two consecutive weeks, and the boost brought about by the strong earnings season has gradually subsided, while investors are still waiting for a new market catalyst as geopolitical uncertainty continues. However, the index is currently only about 1% below its record high.