European Stocks Close at Another Record High

European stocks rose on Wednesday to close at a new record high, amid positive expectations for economic recovery.

The STOXX Europe 600 index added 0.27% to finish near 460 points, as the travel and leisure stocks lead the gains and leveled up by 1.3%.

This marked the ninth consecutive daily gain for the pan-European index ahead of the release of the U.S. Federal Reserve policy statement.

The French CAC40 index gained 0.20%, and the UK’s FTSE100 increased by 0.17%.

Meanwhile, the German benchmark index, DAX, lost 0.12%.