European stocks closed higher on Monday, with investors digesting new data which showed euro zone business activity surging in June. 
The pan-European Stoxx 600 closed up around 0.3% provisionally, having fluctuated either side of the flatline earlier in the day. Banks jumped 1.8% to lead the gains, while health care stocks slipped 0.4%. 
June’s final euro zone purchasing managers’ index showed business activity expanding at its sharpest rate for 15 years as Covid-19 restrictions were unwound across the continent. IHS Markit’s final composite PMI reading came in at 59.5, up from 57.1 in May and ahead of a “flash” estimate of 59.2. 
In terms of individual share price movement, British supermarket chain Morrisons surged 11.6% after a third private equity group joined the race to acquire the company. 
At the bottom of the European blue chip index, Dutch tech investment firm Prosus fell 6.1% after China escalated its crackdown on newly-listed ride hailer Didi. 
Source: CNBC, Investing.com