European Stocks Log Highest Daily Gain in 12 Weeks

European stocks finished higher on Wednesday for the second consecutive session, amid an improvement in investors’ sentiment, despite concerns about the Delta variant of the coronavirus (COVID-19).

The STOXX Europe 600 index surged by 7.36 points or 1.65% to close at 453.97 points, supported by large gains by blue chips, as well as travel and leisure stocks.

This marked the biggest rise in a single session for the pan-European index since May 5, which helped the index recover its previous losses over the course of July.

Meanwhile, the UK’s FTSE100 surged by 1.70% and finished at 6998.28 points.

In France, the CAC40 index jumped by 1.85%, while the German DAX soared by 1.36%.