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By Reuters Staff 2 Min Read (Reuters) -European stocks drifted higher on Monday after strong euro zone factory activity and German retail sales data highlighted a quick rebound in economic growth, with a largely buoyant earnings season adding to the upbeat mood. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 29, 2021. REUTERS/Staff Euro zone stocks index that includes markets in continental Europe rose 0.6%, while the German DAX was up 0.8% and France’s CAC 40 gained 0.6%. UK markets were closed for May Bank holiday, keeping trading volumes light. A survey showed euro zone factory activity growth reached a record high last month, while German retail sales posted their biggest year-on-year increase in March since the start of the COVID-19 pandemic.

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