Positive Trend in European Stock Markets: Germany and UK Data Support Markets

France's CAC 40 index rose 0.7% to 8,459 points, while Spain's IBEX 35 index gained 0.2% to trade at 18,060 points.
In Italy, the FTSE MIB 30 index is hovering around 46,109 points with a 0.7% increase.
Global Markets and US Data Geopolitical tensions between the US and Iran continue to influence pricing in global markets.
US President Donald Trump stated that the direction of this process would become clear within 10 days.
Investors are now focused on the growth figures and Personal Consumption Expenditures (PCE) price index data to be released in the US today.
Germany's Producer Price Index (PPI) fell by 3% annually and 0.6% monthly in January, coming in below expectations.
Manufacturing PMI reached 50.7, services PMI 53.4, and the composite PMI 53.1, all exceeding forecasts.
In the United Kingdom, retail sales for January showed a positive outlook with a 4.5% annual increase.
Uncertainty in the EU Industrial Plan Objections are mounting against the European Commission's plan to revitalize member states' industries and prioritize European companies in public procurement.
The draft proposal, which includes a "Made in Europe" requirement for public tenders, received negative feedback from nine different departments within the commission.
These widespread objections have raised the risk of another delay for the legislation, which was scheduled to be announced on February 26.