Europe closes mostly higher following Wall Street rally

Tuesday, 29. December 2020 17:31

Major European stock markets closed mostly in the green on Tuesday following a Wall Street rally as well as a Brexit trade deal that was agreed between the EU and UK on Christmas Eve. On the data front, German exports are expected to drop at least 12% this year due to the coronavirus pandemic, the Federal Association of Wholesale, Foreign Trade, Services (BGA) said.

At the end of the trading session, the DAX fell by 0.09% as Deutsche Bank AG went south by 2.98%. The closing bell found the FTSE 100 up by 1.64% with halma Plc rising 4.96%. The CAC 40 closed higher by 0.53%. Worldline was the best performer going up by 3.00%.

The euro went up by 0.28% compared to the dollar to sell for 1.22482 at 5:30 pm CET and the British pound jumped 0.54% against the United States currency to go for 1.35120 at 5:30 pm CET.

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Breaking the News / TF