Europe closes in the green, recovers from selloff

Friday, 09. July 2021 17:31

Stock markets in Europe closed with strong gains amid a rebound after yesterday's sharp selloff. The United Kingdom's trade deficit was down, while the government announced a plan to allow fully vaccinated people to travel without the obligation to self-quarantine on return.

The DAX increased by 1.73% at the close as Volkswagen surged 6.11%. London's FTSE 100 was up 1.30% at the end of the trading session with its best performer, Evraz, jumping 5.45%. In Paris, the CAC 40 closed 2.07% higher as ArcelorMittal rose by 5.39%.

The euro was 0.12% higher against the dollar, selling for 1.18588 at 5:32 pm CET, while the pound gained 0.35% compared to the greenback, changing hands for 1.38344 concurrently.

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Breaking the News / MS