Europe closes higher amid jab supplies expansion

Friday, 26. March 2021 17:30

Major stock markets in Europe closed higher on Friday after the European Union announced it should receive 55 million doses of Johnson and Johnson's (J&J) vaccine against COVID-19 in the second quarter of the year. The European Medicines Agency (EMA) gave its approval to two new sites for producing jabs in The Netherlands and Germany. Meanwhile, the Institute for Economic Research (Ifo) noted an improvement in Germany's business climate. Lastly, Bank of England's Michael Saunders said the United Kingdom's economic outlook seemed better than initially projected.

The DAX closed 0.86% higher as Covestro AG soared by 4.10%. The FTSE 100 went up by 1.01%, with Smiths Group PLC growing by 6.85%. The CAC 40 advanced by 0.57% as Arcelormittal SA rocketed by 8.36%.

The euro gained 0.26% against the dollar to sell for $1.17950 at 5:27 pm CET. At the same time, the pound sterling rose by 0.41% against the greenback to change hands for $1.37904.

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Breaking the News / JR