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European Markets Close On Upbeat Note On Buoyant Economic Data


European Markets Close On Upbeat Note On Buoyant Economic Data
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets closed on an upbeat note on Tuesday with several benchmark indices from the region posting new all-time highs, amid rising optimism about global economic recovery.
Stronger than expected economic data from China, and factory activity and inflation data from the euro area underpinned sentiment.
An announcement from French finance minister that the government will set up a 3 billion euro fund to support mid-sized and large companies as they emerge from the pandemic crisis helped as well.
The pan European Stoxx 600 climbed 0.75%. The U.K. s FTSE 100 surged up 0.82%, Germany s DAX advanced 0.95% and France s CAC gained 0.66%, while Switzerland s SMI ended 0.63% up. ....

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