Europe closes higher after jobs, manufacturing data

Tuesday, 03. May 2022 17:31

European stock markets closed higher on Tuesday after the latest data reports on German unemployment, United Kingdom manufacturing and Eurozone unemployment and producer prices were released. Furthermore, European market participants also braced for the formal announcement of another EU sanctions package that will likely include an oil embargo against Moscow.

The DAX rose by 0.72% at the close, pulled up by MTU Aero Engines' 4.90% jump. London's FTSE 100 closed 0.22% higher as BP soared 5.29%. The CAC 40 was up 0.79% at the end of trading, with its best performer Alstom surging 5.28%.

The euro was down 0.30% against the dollar, selling for 1.05391 at 5:29 pm CET, while the pound gained 0.18% compared to the greenback, buying 1.25153 concurrently.

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Author:
Baha Breaking News (BBN) / MS