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European Stocks Close Higher Amid Optimism

M. Ali 16 December, 2020 8:30 pm Global Stock Market, Market Update

European stocks closed higher on Wednesday, supported by an improved investors’ sentiment regarding the rollout of new Coronavirus vaccines.

The pan-European STOXX 600 index finished higher by 0.8%, supported by gains by the majority of market sectors, except for the baking stocks, with the insurance index heading the gains.

The UK’s FTSE100 finished higher by 0.88%, while the French index CAC 40 closed higher by 0.31%.

Meanwhile, the German index DAX surged by 1.52%.

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