European stock indexes closed higher despite losses in the German and Italian indices.

The main European stock indices closed on Monday with a noticeable divergence in performance, but the main index for the continent managed to achieve some gains supported by the profits of the British and French indices, despite the losses incurred by the German and Italian indices.

Regarding trading, the performance of the main European stock indices at the close was as follows:

• The main European stock index, Euro Stoxx 600, rose by 0.14% to 521.22 points.
• The FTSE 100 index for British stocks increased by 0.52% to 8,352.08 points.
• The CAC 40 index for French stocks rose by 0.72%, closing at 7,480.14 points.
• The German DAX index fell by 0.19% to close at 20,345.96 points.
• The Italian FTSE MIB index decreased by 0.55%, finishing the session at 34,559.83 points.
• The Spanish IBEX 35 index declined by 0.50%, registering 12,011.50 points at the close.

In terms of stock performance, shares of British energy company BP jumped by 5% after the company announced the merger of its offshore wind energy business with Japanese energy firm JERA into a new jointly owned company.

On another note, the commitments announced by the decision-making body of Chinese President Xi Jinping this morning to take more proactive fiscal measures and implement the most expansionary monetary policy in 14 years over the coming year supported European luxury goods stocks, as shares of Kering, owner of Gucci, rose by about 4%.