1/11, 5:38 PM (Source: TeleTrader)
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Europe closes higher amid data optimism

Major European stock markets closed Tuesday's session with gains despite inflation concerns. ECB chief economist Philip Lane said earlier that the eurozone's inflation rate could return to 2% as soon as next year; however, the news did not influence market performance.

The DAX rose 1.10%, while Delivery Hero increased its gain by 4.95%. The FTSE 100 jumped 0.62%, with Scottish Mortgage increasing 5.00%. And The CAC 40 gained 0.95% when Saint Gobain added 3.55%.

The euro climbed 0.32% against the dollar to sell for 1.13620 at 5:32 pm CET, and the pound added 0.30% compared to the greenback to go for 1.36192 at the same time.

Baha Breaking News (BBN) / JG