Europe closes higher on data reports

Donnerstag, 08. April 2021 17:31

Major European stock markets closed higher on Thursday after the European Central Bank confirmed that the global economic outlook has improved due to vaccinations and the United States' stimulus bill. ECB members also agreed that the pandemic emergency purchase program (PEPP) needs a boost.

Eurostat published a report, marking an increase in producer prices in the Eurozone by 0.5% compared to the previous month and by 1.5% year-on-year. Meanwhile, data suggested that the construction sector in the United Kingdom saw a sharp rise last month with the highest increase in six-and-a-half years.

The DAX closed with 0.17% in the green, led by Delivery Hero jumping 2.50%. London's FTSE 100 ended the session 0.72% higher with Just Eat Takeaway climbing 0.52%, while the CAC 40 grew by 0.57% as Hermes increased by 3.07%. The euro gained 0.31% against the dollar to sell for $1.19025 at 5:29 pm CET, the British pound remained flat exchanging hands for $1.37360.

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Breaking the News / LH