9/15/2020, 5:30 PM (Source: TeleTrader)
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Europe closes higher on uplifting data

Major European stock markets traded higher at the closing on Tuesday after rather uplifting economic results revealed earlier in the day. Hourly labor cost in the Eurozone rose by 4.2% in the year's second quarter, the economic sentiment in Germany jumped by 5.9 points in September, while the United Kingdom reported a record low number of job vacancies in the April-to-June period. Lastly, BioNTech SE and Pfizer Inc. announced they would receive nearly $450 million from the German government for their COVID-19 vaccine research.

The DAX traded 0.23% higher at the closing bell as Bayer AG grew by 3.07%. The FTSE 100 rose by 1.32% with Ocado Group PLC advancing 10.32%. The CAC 40 gained 0.35% with Kering increasing by 2.37%.

The euro lost 0.16% to the dollar to sell for $1.18472 at 5:26 pm CET. At the same time, the pound sterling stood flat against the greenback to exchange hands for $1.28522.

Baha Breaking the News (BBN) / JR