Europe closes higher after rise on Wall Street

Major stock market indexes in Europe closed higher on Thursday, following a rise on Wall Street, propelled by the latest report on personal consumption expenditures (PCE) and its implications for the Federal Reserve’s monetary policy decisions.

The DAX increased by 1.03% or 254 points as Bayer AG skyrocketed by 18.72%. The FTSE 100 gained 0.71%, with 3i Group PLC soaring by 11.09%. The CAC 40 advanced by 0.49% as Societe Generale SA jumped by 2.85%. The Euro Stoxx grew by 0.82%. Bayer was the best performer on that index as well.

The euro went up by 0.26% against the US dollar at 5:28 pm CET, selling for $1.13866. At the same time, the pound sterling rose by 0.35% against the greenback, going for $1.32139.