Europe closes higher after positive data

Wednesday, 04. December 2019 17:30

European stocks finished in the green on Thursday after the Eurozone PMI Composite Output Index showed some growth in November up from 50.3 to 50.6. Also, according to a preliminary report released by IHS Markit, growth in the German services sector accelerated in November as well. Meanwhile, investors were focused on the trade dispute between the United States and China. Speaking at the North Atlantic Treaty Organization (NATO) summit, US President Donald Trump confirmed that the trade talks between the US and China are "going well."

In London, the FTSE 100 grew 0.42% with Evraz PLC ORD jumping 3.71%. The DAX increased by 1.27%. Bayer AG was the best performer on the index, rising 2.44%. The CAC 40 was up 1.29% as ArcelorMittal SA advanced 3.86%.

The euro and the pound both traded higher against the dollar, gaining 0.06% and 0.78% to sell for $1.10877 and $1.30992 respectively at 5:33 pm CET.

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