2024-10-01 06:04:33
European stock markets closed the trading session higher today, as shares followed the momentum generated by China’s massive economic stimulus package and investors digested the latest upbeat data on inflation in some EU countries, reports CNBC.
London’s FTSE 100 added 36.85 points, or 0.43 percent, to 8,320.76.
In Frankfurt, the DAX jumped by 262.48 points or 1.26 percent to 19,480.84 points, writes BTA.
The Paris CAC 40 rose 49.7 points, or 0.64 percent, to 7,791.79 points.
The pan-European Stoxx 600 registered a rise of 0.52 percent, reaching a record 528.33 points.
Almost all stock markets and sectors are glowing green, and the most profitable are chemical companies, whose shares rose by 2.75 percent, followed by automobile companies with a growth of 2.23 percent.
The rise comes after Chinese markets closed their best week in nearly 16 years and the mainland’s CSI 300 index jumped 15.7 percent. The last time it posted a bigger weekly gain was in November 2008.