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European stocks closed higher on Thursday, supported by the U.S. Federal Reserve vowing to maintain the low interest rates and expecting strong economic growth this year.
The STOXX Europe 600 index finished higher by 0.46% at 426.87, nearing its record high of 433.90, which was recorded on February 19, 2020.
The blue-chop STOXX 50 briefly closed higher by 0.57% at 3,871.78 points.
In Germany, the benchmark index DAX added 1.23% and ended the session at a new record high of 14,775.52 points, supported by the strong gains of the auto sector, which continued on the back of positive expectations by Volkswagen.
The French CAC40 gained 0.13%, while the UK’s FTSE100 index recovered from its earlier losses and leveled up by 0.25%, after the Bank of England (BoE) maintained interest rates and expected economic recovery to strengthen.
