Europe closes higher after ECB's remarks

Thursday, 07. October 2021 17:30

Major stock markets on the Old Continent closed higher on Thursday after the European Central Bank (ECB) observed a "significant improvement" in its outlook for inflation. Earlier, the Bank of England (BoE) said it expects the "current strength of inflation" will be "more long-lasting than originally anticipated." Additionally, Bayerische Motoren Werke (BMW) AG revealed its sales in the first nine months of the year saw annual growth of 18%.

The DAX advanced by 1.82% at the close as Deutsche Bank AG surged by 4.30%. The FTSE 100 expanded by 1.25%, with Anglo American PLC rocketing by 5.50%. The CAC 40 rose by 1.60% as Compagnie de Saint-Gobain SA climbed by 4.52%.

The euro grew by 0.10% against the dollar to go for $1.15675 at 5:27 pm CET. At the same time, the pound sterling went up by 0.37% against the greenback to sell for $1.36308.

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Author:
Breaking the News / JR