Europe closes higher with trade in focus

Monday, 24. May 2021 17:30

Major European stock markets closed higher on Monday after the United Kingdom said it is reviewing tariffs it placed on certain imports from the United States with the goal of "deescalat[ing] these disputes." Meanwhile, LVMH Moët Hennessy Louis Vuitton owner Bernard Arnault and his family briefly took over the first spot on the Forbes' Real-Time Billionaires list during the day, causing the company's shares to rise by 0.40% at 3:30 pm CET.

The FTSE 100 closed 0.52% higher at the close as Pershing Square Holdings LTD advanced by 2.76%. The CAC 40 grew by 0.34%, with Unibail-Rodamco-Westfield SE going up by 2.81%. The DAX was closed for the day due to the Whit Monday holiday.

The euro gained 0.30% against the dollar to sell for $1.22176 at 5:27 pm CET. At the same moment, the pound sterling increased by 0.07% to change hands for $1.41582.

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Breaking the News / JR