Europe closes higher on optimistic economic cues

Thursday, 26. January 2023 17:35

Major European stock exchanges closed the Thursday session off with solid gains as promising economic data released throughout the week seemingly continued to boost trader mood, with recession fears subsiding. Meanwhile, LVMH Moet Hennessy Louis Vuitton is expected to reveal its quarterly earnings soon.

The DAX added 0.34% at the closing bell, as Sartorius soared 6.48%. Simultaneously, the CAC 40 rose 0.74%, with STMicroelectronics pulling the index up by 8.19%. The FTSE 100 gained 0.21% at the close, as 3i Group surged 8.84%. Concurrently, the Euro Stoxx 50 increased by 0.62%, with Infineon Tech jumping 4.75%.

The euro was 0.50% below the dollar at 5:33 pm CET, selling for 1.08600. The pound traded 0.32% lower against the greenback to go for 1.23583 at the same time.

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