Home / Market Update / Global Stock Market / European Stocks Close Higher on Positive Data

European Stocks Close Higher on Positive Data

European stocks closed higher on Wednesday, supported by positive economic data and a good performance by most market sectors.

The STOXX Europe 600 index rose by 0.45% to close at 413.19 points.

The German DAX finished higher by 0.80%, while the French CAC40 index gained 0.31%.

Meanwhile, the UK’s FTSE100 rose by 0.50%.

Earlier today, data showed that the German economy achieved a better than expected growth rate during the fourth quarter of 2020.

The largest economy in Europe grew by 0.3% in Q4 of 2020, supported by exports and a decent performance by the construction activity.

Check Also

U.S. Stock Futures Decline Amid Trade Tariff Uncertainty

U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic …