4/6, 5:31 PM (Source: TeleTrader)
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Europe closes higher after IMF's new growth forecast

Major European stock markets closed higher on Tuesday after the International Monetary Fund (IMF) lifted its forecast for global economic growth in 2021 to 6%. Sentix GmbH noted the highest rise in consumer confidence throughout the Eurozone since August 2018. Meanwhile, the European Union expressed its readiness to improve its relations with Turkey. Lastly, French Health Minister Olivier Veran announced the country would receive 12 million doses of vaccines against COVID-19 this month.

The DAX closed 0.78% higher as Volkswagen AG advanced by 2.28%. The FTSE 100 surged by 1.26%, with SSE PLC gaining 4.87%. The CAC 40 rose by 0.52% as Pernod Ricard SA went up by 3.13%.

The euro gained 0.27% against the dollar to sell for $1.18440 at 5:27 pm CET. At the same time, the pound sterling lost 0.36% to the greenback to change hands for $1.38507.

Breaking the News / JR