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7/21, 5:31 PM (Source: TeleTrader)
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Europe closes with sharp gains as US markets rebound

Shares on the major European equity market indexes ended the trading session sharply higher on Wednesday, with the sentiment among investors seemingly tracking that of their Wall Street counterparts. Apart from the earning reports unveiled, the investors monitored the developments on the Brexit front, as the European Union stated there will be no fresh negotiations with London over the Northern Ireland Protocol.

The DAX jumped 1.36% as the session ended as Siemens surged 4.92%. The CAC 40 soared 1.85% at the same. The benchmark's top performer was Publicis Groupe, which rocketed 4.93%. Concurrently, the FTSE 100 was up by 1.7% with Next plc surging 8.17%.

The euro traded 0.18% higher compared to the dollar at 5:29 pm CET, selling for 1.18010, while the pound sterling advanced by 0.44% compared to the greenback, changing hands at 1.36847 at the same time.

Breaking the News / BU