European stocks close with gains

10/19, 5:57 PM (Source:

European equities closed with gains on Wednesday as oil prices jumped on EIA data and investors anticipated tomorrow's European Central Bank decision on interest rates.

The FTSE 100 grew 0.31%. Burberry was the best performed as its shares soared 4.06%. Yesterday, the luxury brand announced its U.K. sales in the first half of 2016 increased by 30% due to the decline of the pound. The company's sales were also 2% higher worldwide.

The DAX was up 0.13% when trade ended. Significant gains were recorded in the banking and automotive sectors.

The CAC 40 closed 0.25% in the green. Accor and Carrefour led the gains with their stock soaring 5.02% and 4.69%, respectively.

WTI for November delivery rose 2.94% to sell for $51.77 per barrel at 5:28 p.m. CET. International benchmark Brent for December delivery jumped 2.44% to sell for $52.93 at 5:33 p.m. CET.

The pound fell 0.18% against the dollar to go for 1.2275 at 5:58 p.m. CET.

TeleTrader Newsroom / NP