TELETRADER News
11/11/2020, 5:31 PM (Source: TeleTrader)
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Europe closes higher despite second wave fears

Shares on the major stock market indexes in Europe ended the trading session with gains on Wednesday as the traders shrugged off the fears of the coronavirus pandemic's second wave in the light of the latest developments on the vaccine front.

The investors also digested news in regards to the Brexit negotiations, as Politico's report claimed that the talks between the United Kingdom and the European Union are "not going well," while Irish Foreign Minister Simon Coveney stated that a deal between London and Brussels is still possible.

The DAX grew by 0.40% at the closing bell, as Deutsche Wohnen gained 5.22% at 5:33 pm CET. The CAC 40 jumped 0.48% at the end of the session with Teleperformance as the top performer on the index. At the same time, in London, the FTSE 100 was up 1.38% with IAG stocks surging 7.7% at the close. The euro dipped 0.38% against the dollar to sell for 1.17633 at 5:34 pm CET, while the pound sterling slid 0.36% versus the greenback, to change hands at 1.31994 a minute later.

Breaking the News / BU