European exchanges post 1st daily gain in 2024

ISTANBUL

European stocks closed higher on Thursday to post their first gain of 2024 after two consecutive daily losses.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European markets in 17 countries, was up 3.28 points, or 0.69%, to finish at 477.68.

The UK’s FTSE 100 rose 40 points, or 0.53%, to close the third trading day of the new year at 7,723. Germany’s DAX 30 added 78 points, or 0.48%, to 16,617.

France’s CAC 40 climbed 38 points, or 0.52%, to 7,450 and Italy’s FTSE MIB increased 303 points, or 1.01%, to end the session at 30,403.

Spain’s IBEX 35 was the best performer of the day, soaring 129 points, or 1.28%, to 10,182 at the closing bell.