European markets closed higher on Wednesday, as investors picked up stocks, reacting positively to some earnings announcements and on optimism the U.S. lawmakers will eventually agree on a stimulus package.
Some somewhat disappointing eurozone economic data limited markets’ gains. The pan European Stoxx 600 advanced 0.49%. The U.K.’s FTSE 100 climbed 1.14%, France’s CAC 40 ended up 0.9% and Germany’s DAX gained 0.47%, while Switzerland’s SMI declined 0.63%.
Among other markets in Europe, Austria, Czech Republic, Greece, Ireland, Netherlands, Norway, Poland, Portugal, Russia and Sweden closed with sharp to moderate gains. Belgium, Iceland, Spain and Turkey ended modestly higher, while Denmark and Finland ended flat. In the U.K. market, IAG climbed up nearly 10%. Evraz notched up a gain of 8.3%, while Coca-Cola and Fresnillo gained 7.3% and 7.1%, respectively.