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2/1, 5:30 PM (Source: TeleTrader)
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Europe closes higher as vaccine supply tensions ease

Shares on the major European stock market indices traded above the flatline as the session came to a close on Monday. The stocks across the old continent followed the global upward trend to recover some of the losses registered in a tumultuous week that preceded this one.

British Prime Minister Boris Johnson underlined that the United Kingdom will have enough vaccines to inoculate people who have already received the first dose of the jab, which helped the traders shrug off some of the fears prompted by the recent vaccine supply turmoil.

The DAX gained 1.41% at the close with Deutsche Wohnen rising 3.47%. The CAC 40 concurrently moved up 1.16% as Teleperformance soared 3.7%. At the same time, the FTSE 100 advanced 0.92% with Fresnillo plc surging 9.66%. The pound and the euro weakened 0.23% and 0.48% versus the dollar at 5:32 pm CET, selling for 1.36683 and 1.20780, respectively.

Breaking the News / BU