12/6/2023, 5:30 PM (Source: TeleTrader)
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Europe closes higher after PMI, retail trade reports

Major European stock markets closed higher on Wednesday after the publication of a fresh batch of economic reports.

Earlier, Eurostat reported that eurozone retail trade was up 0.1% in October, while in the European Union it climbed 0.3%. Besides, Germany's Destatis revealed new factory orders declined by 3.7%. Separately, the construction PMI in the UK fell in November to 45.5 points.

At the close, the German DAX rose 0.88%, with Volkswagen being the best performer, up 5.29%. The same company was the best player at the pan-European Euro Stoxx 50, which finished 0.79% higher. Besides, the French benchmark CAC 40 added 0.76%, while Renault improved by 5.97%, and the FTSE 100 rose 0.52%, as Tui increased by 13.77%.

The euro was down by 0.09% against the dollar at 5:29 pm CET, selling for $1.07853. In comparison, the pound was flat to go for $1.25883 simultaneously.

Baha Breaking News (BBN) / JG