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5/13, 5:32 PM (Source: TeleTrader)
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Europe closes mostly higher, reversing losses

Major European stock markets closed mostly higher on Thursday, reversing some losses of an earlier dip. Investors reacted to the positive trajectory of American markets as economic data points to a speedy recovery.

The United Kingdom is under concerns over the Indian variant of the COVD-19 virus as Prime Minister Boris Johnson described the perception as "anxious", while Foreign Minister James Cleverly suggested it could prolong the lockdown. The authorities have also put extra efforts into vaccinating the population in the determined hotspots of the mutant.

The DAX gained 0.33% led by RWE AG growing by 2.38%. The FTSE 100 lost 0.59% as Bt Group plunged by 5.92%, while the CAC 40 climbed by 0.14% with Danone advancing by 1.66%. The euro remained flat against the dollar as it slid by 0.02% to sell for $1.20693 at 5:28 pm CET, at the same time the British pound declined by 0.17% exchanging hands for $1.40320.

Breaking the News / LH