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2/22/2017, 6:13 PM (Source: TeleTrader)
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Stocks in Europe end mostly higher

European equities finished mostly in the green on Wednesday, where the French CAC 40 rebounded in late trade after Francois Bayrou, leader of the Democratic Movement, dropped out of the presidential race and supported Emmanuel Macron, another centrist. The main gauge at Euronext Paris settled 0.15% up, led by the gain of 2.36% in Danone and Peugeot's rise by 1.85%.

The FTSE 100 climbed 0.38%, propped up in part by the pound's slight decline against the dollar and the euro. Sterling was 0.26% and 0.41% down, respectively, at 4:13 pm CET. Unilever jumped 5.7% after today it vowed to boost value for shareholders. Lloyds' upbeat earnings took the lender 4.44% higher, to end as the second-best performer.

The DAX rose 0.26% to less than two points under the 12,000 mark, the strongest level since May 2015. ThyssenKrupp ended at the top of the chart with a gain of 4.62%. It was followed by Beiersdorf's jump of 2.18%. The FTSE MIB underperformed, losing 0.83% at the closing bell in Milan. Banco BPM, which was created at the start of the year in a merger of Banco Popolare and Banca Popolare di Milano, fell the most – 4.24%.

Breaking the News / IT