European stocks close up 0.94% as economic confidence worsens

SighingCashier · 2026-03-30T19:16:39+00:00

The latest EU economic data shows that due to the Iran conflict impact, economic confidence has deteriorated, but European and American stock markets still rebounded. The pan-European Stoxx 600 index closed up 0.94%. Meanwhile, the March economic sentiment index and employment expectations both declined, and the consumer confidence index hit its lowest level in 2023, all below the long-term average.

SighingCashier

2026-03-30 19:16:39

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The latest economic data from the European Union shows that the Iran conflict has worsened economic confidence in the euro area, but European and U.S. stock markets rebounded on Monday. After European stocks opened slightly lower, they turned and moved higher; the pan-European index Stoxx 600 closed up 0.94%, at 580 points.

The FTSE 100 in the UK closed at 10,127 points, up 1.61% or 160 points. Germany’s DAX index closed at 22,562 points, up 1.18% or 262 points. France’s CAC 40 closed at 7,772 points, up 0.92% or 70 points. Italy’s FTSE MIB closed at 43,823 points, up 1.02% or 444 points. Spain’s IBEX 35 closed at 16,969 points, up 0.99% or 166 points.

The European Commission said that both the economic sentiment index for March and the employment expectations index declined. At the same time, the EU and euro-area consumer confidence index released by the Directorate-General for Economic and Financial Affairs (DG ECFIN) showed initial values that both recorded a sharp drop, falling back to the lowest level since October 2023, at -15.2 and -16.3 respectively, both below their long-term averages.

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