Europe closes higher as investor confidence improves

Monday, 10. August 2020 17:31

Markets in Europe closed in the green on Monday after Sentix reported investor confidence in the Eurozone improved more than expected in August. Stocks were also boosted by fresh hopes the Republicans and Democrats in the United States will reach an agreement on the next coronavirus relief package.

The FTSE 100 gained 0.31%. IAG was the best performer as the airline holding company's shares soared 8.65%.

The DAX was up 0.10%. MTU Aero Engines led the gains, surging 4.46%. The CAC 40 increased 0.41% with Renault rising 5.80%.

The euro declined 0.20% against the dollar to sell for 1.17612 at 5:33 pm CET, while the pound added 0.25% compared to the US currency to go for 1.30858 at 5:34 pm CET.

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Breaking the News / NP