European Stocks Close Wednesday Higher

European stocks closed Wednesday on big gains, supported by positive sentiments after it was reported that new progress has been made on the way to develop a vaccine for the coronavirus disease (COVID-19).

The pan-European Stoxx 600 index rose by 1.76% and settled at 373.87.

FTSE100 surged by 1.83% and closed at 6,292.65.

In France, the CAC40 index jumped by 2.03% to 5,108.98, while in Germany the DAX closed higher by 1.84% at nearly 12,931.