Stocks jump on strong eurozone economic data, but UK shows signs of lagging

'The eurozone economy is firing on all cylinders again as reopening has had the expected positive effect on growth', says analyst

A survey showed business activity in the eurozone has been strong this month as a rapid Covid-19 vaccination drive allowed more firms to reopen and customers to venture out. File picture: Sean Gallup/Getty Images

European stocks rebounded after their worst week in six months on the back of data showing a strong rise in business activity in the eurozone this month.

Shares were up 0.7% after a 1.5% fall last week, while oil prices also rebounded – by 5% – following seven consecutive days of price falls.