European stocks turn to gains amid recovery hopes
Shares on the major European stock market indexes turned to gains on Wednesday, after having started the week’s third trading session in the negative territory as the investors shrugged off some of the fears prompted by the coronavirus pandemic. Governing Council member of the European Central Bank Pablo Hernandez de Cos announced new stimulus measures that could be implemented come December.
The traders also kept a watchful eye on the way the presidential election in the United States is unfolding, where both the current president and the contender for the position in the White House stated they expect to win the presidential race.
The DAX gained 0.38% at 12:35 am CET, while the CAC 40 grew by 0.64% at the same time. A minute later, in London, the FTSE 100 advanced by 0.53%. The pound sterling lost 0.19% versus the dollar, selling for 1.30009 at 12:39 am CET, while the euro concurrently stood flat versus the US currency, changing hands at 1.17035.
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