European Stocks edge up, reaching fresh highs in 21 months

European stocks

The European stocks closed with small gains in yesterday’s sessions pushing the region’s benchmark to reach a fresh 21-month high.

The Stoxx Europe 600 index edged up by 0.2% to end the session at 396.45 which accounts for its highest closing level since August 2015.

The positive notes came after the pan-European gauge that came with 0.5% on Tuesday. The Index is found in higher notes with a 9.7% increase this year, after getting a push forward of markets-friendly Emmanuel Macron’s victory in the French Presidential election on Sunday.

Michael Hewson, Chief market analyst at CMC Markets stated that while markets are relieved that it does not have to fret any more about the prospect of a political and populist upheaval in Europe, There is some uncertainty as to whether the markets could go higher at this point or whether we need a brief pullback first.

The German DAX 30 idex rose by 0.1% ending the sessions at 12,757,467 for another record close. While France’s CAS also inched higher by 0.1% to end the session 5,400.46. The U.K.’S FTSE 100 was last seen being traded at 7,385.24 a relative increase of 0.6%.

Meanwhile, news from the U.S. Stocks were changed by a pip as the European markets closed by an unexpected bounce from their earlier loss, some analysts has concluded that The president Donald Trump’s decision to let go of  the Federal Bureau of Investigation Director James Comey was the underlying reason of the Jumpy in the U.S. markets.


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