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1/27, 5:31 PM (Source: TeleTrader)
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Europe closes in the green after COVID drug approval

Stock exchanges in Europe finished trading on Thursday over the flatline after the European Union's top medicines regulator gave its conditional approval for Pfizer's treatment against COVID-19. The market sentiment in Europe was also boosted by the report on United States economic growth in the full year 2021, which was the strongest since 1984. Meanwhile, the White House revealed that US President Joe Biden will host German Chancellor Olaf Scholz on February 7.

The DAX was up 0.42% at the close with RWE advancing 5.12%. In London, the FTSE 100 increased by 1.13% at the end of the trading session with its best performer, Standard Chartered, jumping 4.47%. The CAC 40 closed 0.60% higher as Sanofi rose by 3.26%.

The euro was 0.80% lower against the dollar, selling for 1.11510 at 5:30 pm CET, while the pound lost 0.48% compared to the greenback, buying 1.33962 concurrently.

Baha Breaking News (BBN) / MS