Europe closes with gains as recovery hopes rise

Friday, 07. May 2021 17:31

Major European stock market indexes wrapped up the Friday trading session above the flatline as the investors remained optimistic regarding the virus slowdown across the old continent. German Health Minister Jens Spahn stated that the third wave of COVID in the country has been "broken."

While Pfizer requested a full COVID-19 vaccine approval in the United States and asked the Swiss health authorities to okay its jab for the population aged 12-15, the World Health Organization gave the green light to the vaccine developed by China's Sinopharm.

The DAX soared 1.34% or 202 points at the end of the session, setting a new record closing high propelled by Adidas' 8.42% surge, while the CAC 40 gained 0.45% at the same time as STMicroelectronics rose by 2.81%. At the closing bell, the FTSE 100 in London moved up by 0.76% with Ocado Group jumping 4.29%. The euro and the pound extended their earlier gains versus the dollar, rising by 0.72% and 0.75% at 5:34 pm CET to sell for 1.21522 and 1.39917, respectively.

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Breaking the News / BU