European Stocks Rise on PMI Data

European stocks closed higher on Wednesday, despite uncertainty about the rising number of COVID-19 cases.

The rise of European stock markets came after the release of preliminary data that showed an expansion in the composite PMI index, even though it came below expectations.

The Stoxx Europe 600 index added 0.7% and closed near the level of 360 points.

The UK’s FTSE100 surged by 1.20%, while the German index DAX finished higher by 0.39%.

In France, the CAC40 index settled higher by 0.62%.