12/29/2022, 5:30 PM (Source: TeleTrader)
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Europe closes higher on China easing virus measures

Major stock market indexes in Europe closed higher on Thursday despite opening in the red territory amid hopes that China's decision to ease measures imposed to curb the spread of COVID-19 would bring improvements to the supply chain and global economic outlook.

The DAX closed 0.97% or 134 points higher as Zalando SE jumped by 4.10%. The FTSE 100 advanced by 0.15%, with Scottish Mortgage Investment Trust PLC surging by 3.62%. The CAC 40 gained 0.97% as Eurofins Scientific SE went up by 3.00%. The European Stoxx 50 rose by 1.07%, with Eni S.p.A. soaring by 4.95%.

The euro grew by 0.51% against the dollar at 5:28 pm CET to sell for $1.06618. At the same time, the pound sterling increased by 0.35% against the greenback to change hands for $1.20580.

Baha Breaking News (BBN) / JR