Utilities, which led the increases, were also boosted by Germany’s bid for an intensification of climate protection, including a faster expansion of renewables and an accelerated exit from coal.
Tech stocks rose 0.6%, their first earnings session in six days, after rising bond yields hit the sector earlier in the week.
After fears that a faster rise in US interest rates will impact global sentiment, a series of strong economic data helped Wall Street close higher on Wednesday and supported markets around the world. .
The Thanksgiving holiday in the United States kept activity weak elsewhere on Thursday.
“European markets have enjoyed a relatively optimistic day today, with the lack of US involvement reducing volatility at the close,” IG analyst Joshua Mahony wrote in a note to clients.
It is worth noting the uncertainty due to coronavirus infections that are breaking records in various parts of Europe, causing new restrictions as the continent once again becomes the epicenter of the pandemic.
Source From: Ambito
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