European markets closed higher on better risk-on tone

FXstreet.com (Barcelona) - Markets in Euroland closed in a 'sea of green', buoyed by a slight bias towards the risk appetite. Bundesbank's comments have also added to the positive tone in the markets. The bank expects the German economy to perform well in the current year, despite its growth forecast of just 0.5% for 2013
Thin trade and extremely low volatility have dominated the markets on Monday, after an almost non-existent docket in the euro area and the MLK holiday in the US. The single currency is trading accordingly, consolidating in a narrow range centered in the area of 1.3315/20
The Spanish benchmark led the gains, advancing 0.72%, followed by the DAX, 0.61% and the CAC40, 0.57%.