European Stocks Close Higher

European stock indices closed higher on Wednesday, with a jump in shares of sectors sensitive to interest rates, such as real estate, and expectations of a decline in inflation in the United States.

The European Stoxx 600 index rose by 1.2 percent at the close, achieving the largest percentage jump in one day since last January, after it had continued to decline over the past three sessions.

The real estate sector led the gains of the main sectors on the index, with an increase of 2.7 percent, and shares of technology companies rose by 2.4 percent, while shares of European automakers fell by about one percent.

The French CAC 40 index rose by one percent, after recording sharp declines in the previous two sessions, after French President Emmanuel Macron called last Sunday for early legislative elections in his country.

Source: Qatar News Agency