European markets closed higher Wednesday, rebounding from mixed trade seen earlier in the week.
The regional Stoxx 600 index rose 0.6% by the close, with mining stocks seeing a sharp turnaround to climb 1.6%. Autos also jumped 2.2% while oil and gas stocks dipped 0.9%.
Germany’s blue chip DAX index nudged slightly higher, extending the record level it closed at Tuesday.
Travel group Tui led individual stock gains, up 14%, as investors assessed its sharp rise in full-year profit and its fresh forecast for operating profit to leap by at least 25% in 2024.
Retail stocks dipped as H&M fell 1.8% after Deutsche Bank analysts downgraded the stock from a hold to a sell.
Nokia continued to suffer, falling 6%, following news that U.S. telecom giant AT&T will partner with Ericsson on the rollout of a next-generation wireless network
Positive momentum was seen elsewhere overnight. Asia-Pacific markets rebounded across the region, following a broad sell-off on Tuesday. Meanwhile, U.S. stocks turned positive in morning trade Wednesday after the S&P 500 and the Dow Jones Industrial Average slid for a second day Tuesday.
Source: https://www.cnbc.com/2023/12/06/european-markets-live-updates-stocks-news-data-and-earnings.html
