European Stocks Rebound and Close Higher

European stocks finished Thursday on a higher note, supported by an improved risk appetite and investors seeking to purchase shares at relatively low prices, following the recent drop due to inflation fears.

After recent selling pressures, the European stocks markets regained some ground in today’s session, with the pan-European STOXX 600 index finished closing higher by 1.23% at 441.69 points, recovering most of yesterday’s losses.

Earlier today, Eurostat data indicated that the Eurozone’s construction output increased by 2.7% in March on a monthly basis, following a 2% decline in February

In France, the benchmark index CAC40 closed the session up by 1.29%.

Meanwhile, the FTSE100 index gained 1%, while the German DAX added 1.70%.

Producer prices in Germany surged in April by 5.2% on an annual basis, while industrial orders in the United Kingdom (UK) rose this month by the fastest pace since December 2017.