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5/20, 5:36 PM (Source: TeleTrader)
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Europe closes in green as consumer mood improves

Major European stocks ended the last session of the week in the green territory as the latest data on consumer confidence across the European Union pushed positive sentiment among investors.

France announced its new government after a cabinet shuffle one month ahead of parliamentary elections. On the other hand, inflation concerns remained as the latest remarks from the Bank of England warned further growth of consumer prices could extend well into the next year.

The DAX gained 0.72% at the closing bell. The FTSE 100 rose by 1.19%, while the CAC 40 inched up 0.20%. The euro declined by 0.31% against the dollar to sell for 1.05529 at 5:32 pm CET, while the pound stood flat at $1.24744.

Baha Breaking News (BBN) / ND