1/25, 5:30 PM (Source: TeleTrader)
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Europe shrugs off global turmoil, ends higher

European shares traded in the green as the session ended on Tuesday, veering from the global stock market slump, and seemingly brushing off worries related to the Ukraine crisis.

Earlier during the day, European Central Bank's Philip Lane forecasted that inflation will decrease significantly by the end of 2022, while German Institute for Economic Research said in a report that the business climate in the country improved in January.

The DAX was 0.75% higher as the session ended with Fresenius Medical Care soaring 6.57%. The CAC 40 added 0.74% at the same time as Unibail-Rodamco-Westfield flew 3.38%. Meanwhile, in London, the FTSE 100 moved up by 1.02% with Ocado Group surging 5.08%.

The euro slid 0.36% compared to the dollar at 5:29 pm CET, selling for 1.12798, while the pound stood unchanged versus the greenback, to change hands at 1.34894.

Baha Breaking News (BBN) / BU