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European stocks close higher with rise in EU services trade

EU trade surplus for services climbed to €133B last year, close to highest level recorded in 2018, according to bloc’s statistics office

European stock markets closed higher on Monday with an annual increase in the EU services trade.

EU member states exported services worth more than €1.02 billion ($1.04 billion) to countries outside of the EU in 2021, showing a strong increase from €910 million in 2020, Eurostat announced earlier.

The EU trade surplus for services climbed to €133 billion last year close to the highest level recorded in 2018 – it added.

The STOXX Europe 600, which includes around 90% of the market capitalization of European market in 17 countries, was up 3.21 points, or 0.74%, to finish at 438.93.

The UK’s FTSE 100 rose 42 points, or 0.57%, to end the day at 7,482. Germany’s DAX 30 added 113 points, or 0.84%, to close the day at 13,687

France’s CAC 40 added 52 points, or 0.8%, to finish at 6,524. Italy’s FTSE MIB gained 141 points, or 0.62%, to reach 22,727.

Spain’s IBEX 35 was the best performer of the day, soaring 104 points, or 1.28%, to 8,272.

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