Autos help European stocks end higher; BoE holds

10.04.2015 02:02
  • US
  • ASIA
  • EU

European equities closed higher on Thursday, as investors reacted to fresh economic data and auto stocks posted strong gains.

The pan-European Euro Stoxx 600 Index closed over 1 percent higher as new figures late Wednesday showed impressive gains in auto sales for the European market.

This helped major car manufacturers post gains on Thursday. Heavily weighted companies like Renault and BMW both closed over 2 percent higher and helped the wider benchmarks.

FTSE FTSE 100 Index 7015.36
77.95 1.12% 720206973
DAX DAX Index 12166.44
130.58 1.08% 60312567
CAC 40 CAC 40 Index 5208.95
72.09 1.40% 103181401
IBEX 35 IBEX 35 Idx 11734.60
79.10 0.68% 299820754
London’s FTSE 100 closed around 1.1 percent higher, the French CACended around 1.4 percent higher, while the DAX closed just over 1 percent higher.
Other new data on Thursday showed that German exports had recovered in February, and that industrial output had also edged higher.
Meanwhile, London-listed HSBC shares closed almost 3 percent higher, even though the U.K. bank has been ordered to post 1 billion euros in bail to cover a potential fine following allegations that it helped customers dodge tax.
Read MoreFrance sets $1.1B bail in HSBC Swiss tax probe
Plus, clothing brand Burberry saw its shares rise by around 3 percent after speculation that it could be on the receiving end of a takeover bid from the U.S.


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