Europe ends in green, DAX hits all-time high

Tuesday, 30. March 2021 17:31

Equities on major European stock markets finished Tuesday's session higher with the DAX in Frankfurt reaching another record closing high on positive economic data.

Germany's annual inflation rate is expected to land at 1.7% in March, growing by 0.5 percentage points from the month prior, according to Destatis. Meanwhile, consumer confidence in the Eurozone improved in the same month compared to February levels, the European Commission said.

The DAX surged 1.39% or nearly 200 index points as Volkswagen AG jumped 4.55%. The FTSE 100 advanced 0.66% with Barclays PLC gaining 4.95%, and the CAC 40 soared 1.29% at the same time led by Unibail-Rodamco-Westfield's growth of 4.45%. The euro lost 0.33% to trade for $1.17264 at 5:28 pm CET, while the pound decreased by 0.29% to go for $1.37220 a minute later.

Related Links: 
Breaking the News / GA