European stock markets erased earlier losses and moved higher on Monday after data showed German business confidence brightened for a fourth straight month in February. The Stoxx Europe 600 index XX:SXXP -0.04% traded 0.1% higher at 336.40, setting it on track for the highest closing level in more than six years. Among country-specific indexes, Spain's IBEX 30 index XX:IBEX +0.73% climbed 0.9% to 10,154.80 after Moody's Investors Service over the weekend lifted the country's credit rating to Baa2 from Baa3. France's CAC 40 index FR:PX1 +0.21% rose 0.2% to 4,389.84, Germany's DAX 30 index DX:DAX +0.11% added 0.1% to 9,668.57, while the U.K.'s FTSE 100 index UK:UKX -0.38% dropped 0.4% to 6,814.28
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