Europe closes higher on optimistic outlook

Thursday, 16. September 2021 17:30

Major equity markets in Europe closed higher on Thursday as investors reacted to economic data and central bank comments. Exports from the euro area rose 11.4% year-on-year, while imports were up 17.1%. Meanwhile, ECB's President Christine Lagarde said financing conditions must remain favorable for a sustainable recovery. Additionally, the bank's Governing Council member Olli Rehn shared that economic growth is "robust" but still requires policy support.

The DAX closed with 0.23% in the green led by Siemens adding 2.09%. The FTSE 100 rose by 0.16% as Ashtead Group jumped 5.26%, while the CAC 40 advanced by 0.59% with Alstom gaining 3.11%.

The euro lost 0.45% against the dollar exchanging hands for $1.17639 at 5:25 pm CET, at the same time the British pound dropped by 0.48% to trade for $1.37730.

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Breaking the News / LH