Europe closes mostly up on stimulus hopes

Thursday, 17. December 2020 17:31

Major European markets closed mostly in the green on Thursday after US Federal Reserve promised to buy at least $120 billion of bonds each month. United States Senate Majority Leader Mitch McConnell expressed his hopes the agreement on the stimulus bill would be reached later in the day. Regarding Brexit, British Minister for the Cabinet Office Michael Gove stated the chances the United Kingdom and the European Union would reach a deal over their post-Brexit trade relations were "less than 50%." Furthermore, the Bank of England’s Monetary Policy Committee voted unanimously to keep the Bank Rate unchanged at 0.1%.

The DAX gained 0.90%, as SAP SE grew 2.02% at the closing bell. The FTSE 100 lost 0.24% with Vodafone Group Plac falling by 3.76%. Concurrently, the CAC 40 climbed 0.09%. Capgemini was the best performer increasing by 3.58%.

The euro gained 0.51% at 5:27 pm CET, selling for $1.22453. The pound went up by 0.83% to change hands for $1.36008 at the same time.

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