European Stocks Close Higher

Despite a record increase in COVID-19 cases worldwide on Monday, European stocks closed higher, supported by positive expectations regarding the development of a new vaccine for the spreading novel coronavirus.

The pan-European STOXX 600 index added 1.06% or 3.88 points, as it closed at 370.71.

In Paris, the CAC40 Index gained 1.73% and closed at 5,056, while in Frankfurt the DAX closed higher by 1.32%.

In London, FTSE100 increased by 1.33% and settled at the level of 6,176.