European Stocks Close Higher as Treasury Yields Decline

European shares finished Tuesday higher, supported by the decline in U.S. Treasury bond yields, despite data showing a contraction in the Eurozone’s economy during the fourth quarter (Q4) of 2020.

The STOXX Europe 600 increased by 0.86% and finished at 420.82 points.

The German benchmark index DAX settled higher by 0.55%, while the French CAC40 rose by 0.49%.

Meanwhile, the UK’s FTSE100 finished with a 0.17% increase.