European stocks close higher as China relaxes Covid restrictions 
The pan-European Stoxx 600 provisionally closed up 0.6%, with tech stocks climbing 2.1% to lead the gains as most sectors and major bourses ended in positive territory. 
Looking at individual stocks, shares of Danish hearing aid manufacturer GN Store Nord gained almost 12% to lead the European blue chip index. 
Siemens added 2.4% after the German conglomerate’s mobility unit struck an $8.7 billion high-speed rail deal in Egypt. 
On the data front, Spanish inflation jumped to an annual 8.5% by EU-harmonized standards in May, exceeding economist expectations of 8.1% in a Wall Street Journal poll, as fuel and food prices continued to surge. 
German inflation also outstripped expectations in May, with harmonized consumer price rises coming in at an annual 8.7%, up from 7.8% in April and ahead of the 8.0% projected in a Reuters poll of analysts. 
Euro zone economic sentiment was little changed in May, the European Commission’s monthly survey showed Monday, inching to 105.0 from 104.9 in April. Improved services sector optimism offset fading confidence in industry, the data showed. 
Source: CNBC, Investing.com