European Stocks Finish at New Record High

Europe’s stocks logged another all-time high closing level on Wednesday, supported by an improved investors’ sentiment pushed by the recent positive earnings reports.

Pandemic-related concerns with the spread of the Delta variant had a lesser impact on European exchanges today, with positive economic data easing worries about economic recovery.

Business activity in the Eurozone expanded in July at the fastest pace in 15 years, as shown by last month’s PMI reading.

The STOXX Europe 600 index added 2.84 points, or 0.61%, to finish at a record 468.22 points.

The German DAX gained 0.88%, the French CAC40 rose by 0.33%, while London’s FTSE100 finished higher by 0.33%.