Europe closes higher as recovery hopes rise

Wednesday, 04. November 2020 17:31

Major stock markets in Europe closed higher on Wednesday after the European Central Bank stated it would implement new measures aimed at combating the crisis caused by the coronavirus pandemic in December. Meanwhile, its survey on credit terms and conditions showed there was an easing of those requirements in the period between June and August 2020. Meanwhile, British Foreign Secretary Dominic Raab predicted the relations between the United Kingdom and the United States would go from "strength to strength" regardless of the election results.

The DAX traded 1.78% or 215 points higher at the closing as Delivery Hero SE gained 7.09%. The FTSE 100 rose by 1.66% with AstraZeneca soaring 6.88%. The CAC 40 went up by 2.19% as Teleperformance SE jumped by 6.46%.

The euro grew by 0.09% against the dollar to sell for $1.17134 at 5:28 pm CET. On the other hand, the pound sterling lost 0.36% to the greenback to exchange hands for $1.29788 at 5:29 pm CET.

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Breaking the News / JR