European Markets Show Resilience

European stock markets mostly closed higher on Wednesday, influenced by lower-than-expected economic data from the United States. Investors are weighing fresh signals of a slowing US economy while anticipating upcoming earnings reports later this week.

Performance Highlights

The German DAX rose by 0.32%, with Deutsche Boerse leading as the best performer, surging by 3.73%. Meanwhile, the CAC 40 gained 0.50%, propelled by Edenred SA, which jumped 4.98%. The Euro Stoxx 50 and the FTSE remained flat, showing little movement.

Currency Movements

The euro weakened against the dollar, trading 0.45% lower at $1.13344 by 5:33 pm CET. Similarly, the British pound declined by 0.54%, standing at $1.33368.