2014.06.0301:01:38UTC+00European Stocks Rise, Supported by Chinese Data

European stocks entered June on a positive note as it gained in shares with the growing economic data of China to support it. China's data eased anxiety over the growth rates of the world's largest metal consumer.

Chinese factory activity showed a rapid expansion, its fastest in five months. This was enough to push basic resource stocks like mining and commodity trading to gain 1.3% and put them as the biggest sectoral gainer as of current day.

The Pan-European 300 or FTSE300 index gained 0.3% to 1,381.29, recovering Friday's slight slip. Chinese economic data that was better than expected helped in lifting European shares. Germany's DAX had a 0.2% gain to 9,969.62, just a little bit further from hitting its firs ever 10,000 mark. Spain's IBEX rose 0.4% after expanding its manufacturing sector. The CAC index, meanwhile, declined 0.1% with France's manufacturing sector reduced after achieving its 2-month high since March and April 2011.

Anticipation on the European Central Bank announcement continues to increase as analysts predict the effects of the monetary policy changes on the current status of the market.