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European stocks resume gains following Wall Street's record highs

Economies.com
2021-08-25 12:28PM UTC

European stocks rose on Wednesday, after pausing yesterday, thanks to strong market sentiment following record gains in Wall Street.

 

The Stoxx Europe 600 index rose 0.15% as of 11:15 GMT, after closing lower by less than 0.1%, the first loss in 3 days.

 

The travel and leisure sector saw the largest gains in Europe today, with a jump of 1.5%, after positive news about the Covid-19 vaccines in the US.

 

The US Food and Drug Administration (FDA) has given full approval for the vaccination of people 16 years of age or older with the Pfizer-BioNTech Covid-19 vaccine after its emergency use license in December 2020.

 

S&P 500 futures fell 0.2% today ahead of Wall Street's opening, after the index ended higher by 0.15% and hit its record high at 4,492.81 points.

 

Back to Europe, the Euro Stoxx 50 index rose 0.1%, while France's CAC 40 rose 0.3%, Germany's DAX index rose 0.1%, and the UK's FTSE 100 rose 0.2%.

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