On Thursday, European stock markets saw a general increase due to a flurry of economic and financial data, as well as growing optimism that the conflict between Russia and Ukraine will cease.
After setting three new closing highs earlier this week, the regional Stoxx 600 index continued to rise, gaining an additional 0.66% by 10:50 a.m. London time to reach yet another intraday high.
Siemens, a German IT giant, was one of the best performers, up 6.2% after announcing first-quarter profits that were better than anticipated, despite a “significant decline” at its factory automation division.
However, banks and oil and gas equities fell, causing the U.K.’s FTSE 100 to fall 0.8%.
Source (CNBC)
