European stock exchanges end on high note excluding Spain| MENAFN.COM

Tuesday, 16 August 2022 01:55 GMT

European stock exchanges end on high note excluding Spain


(MENAFN) With the exception of Spain, European stock markets ended the day higher on Wednesday, largely making up for Tuesday's 2 percent loss due to an increase in retail sales.

The STOXX Europe 600, which represents about 90 percent of the 17 nation European market capitalization, soared by 6.66 points, or 1.66 percent, to close the day at 407.34.

Germany's DAX 30 surged by 193 points, or 1.56 percent, to close at 12,594, whereas the United Kingdom's FTSE 100 gained 82 points, or 1.17 percent, to conclude the day at 7,107.

The best-performing index of the day was France's CAC 40, which rose by 117 points, or 2.03 percent, to hit 5,912. On the other hand, the FTSE MIB in Italy finished the day up 215 points, or 1.04 percent, at 20,921.

On the other side, Spain's IBEX 35 decreased by 10 points, or 0.14 percent, to close the day at 7,948. Moreover, the euro dropped further against the United States dollar, reaching its lowest level since December 13, 2002, at 1.0162.

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