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7/12, 5:31 PM (Source: TeleTrader)
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Europe closes higher amid recovery hopes

Major stock markets in Europe closed higher on Monday after Peter Kazimir of the European Central Bank (ECB) Governing Council said that institution will not allow for the low inflation to "become entrenched" amid the still ongoing COVID-19 pandemic. Meanwhile, British Health Secretary Sajid Javid stated England is planning to lift the restrictions imposed to curb the spread of coronavirus on July 19, as planned.

The DAX went up by 0.73% at the close as Delivery Hero SE rose by 2.81%. The FTSE 100 expanded by 0.16%, with Admiral Group PLC increasing by 3.94%. The CAC 40 grew by 0.57% as Sanofi SA gained 1.81%.

The euro dropped by 0.14% against the dollar to sell for $1.18614 at 5:25 pm CET. A minute later, the pound sterling declined by 0.15% to change hands for $1.38832.

Breaking the News / JR