European Stocks Close at Four-Month High

European stocks closed at their highest level in four months, supported by the historic agreement between the European Union’s (EU) leaders regarding the EUR 750 million recovery fund, which aims at stimulating the bloc’s economy amid the COVID-19 crisis.

STOXX Europe 600, the pan-European index, gained 0.3% and closed Tuesday at 376.61.

Meanwhile, the benchmark index of the London Stock Exchange (LSE), FTSE100, increased by 0.13%.

In Paris, the CAC40 index settled higher by 0.22%, while in Germany, the main index of the Frankfurt Stock Exchange DAX closed up by 0.96%.