Europe closes higher as ECB holds rates

Thursday, 22. April 2021 17:31

Major European stock markets closed higher on Thursday after the European Central Bank (ECB) decided to keep the interest rates unchanged from previous levels. The Consumer Confidence in the euro area has also exceeded estimates showing better results in April, compared to the previous month.

Christine Lagarde, ECB's president, stated that the euro economies will broadly return to pre-pandemic levels in the second half of 2022, nevertheless, the pandemic emergency purchase program (PEPP) will remain in place for the time being as it is still "too premature" to withdraw them. Meanwhile, Germany is planning to ramp up its COVID-19 vaccination pace with new Sputnik V shots from Russia and to offer jabs to all adults by June.

The Dax closed the trading session with 0.82% in the green, led by RWE AG jumping 4.51%. The FTSE 100 climbed 0.62% as Scottish Mortgage gained 3.69%, while the CAC 40 advanced by 0.91% with Wordline soaring by 6.44%. The euro slid against the dollar by 0.19% to sell for $1.20121 at 5:29 pm CET, and the British pound lost 0.63% exchanging hands for $1.38379.

Related Links: 
Author:
Breaking the News / LH