Europe closes higher as business activity continues expansion

Wednesday, 04. August 2021 17:35

Major European stock markets closed with gains on Wednesday following the release of another batch of corporate earnings and economic data reports.

Despite landing below market estimates, PMI figures for the European Union, Germany and the United Kingdom signaled services sector has continued expansion at a great pace during July. Meanwhile, Brussels confirmed the deal with Novavax about the supply of 200 million COVID-19 vaccines over the next several years after the shot gets approved by health regulators.

The DAX gained 0.88% at the closing bell, with Infineon Tech AG surging 4.40%. The FTSE 100 increased by 0.26%, as Entain plc soared 5.88%. The CAC 40 rose 0.33%. Renault SA led the gains, jumping 3.79%. The euro lost 0.24% against the dollar to sell for 1.18366, while the pound declined by 0.08% to $1.39054 at 5:36 pm CET.

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