European Stock Markets Close Higher

Following the release of the Eurozone's annual inflation data for June, which showed a slight increase from May, major European stock indexes closed higher on Thursday. This positive movement was further supported by the United Kingdom's report of an employment rate of 75.2% in the three months leading to May, marking an improvement from the previous trimester.

Key Performers in the Market

The DAX saw a significant rise of 1.52%, or 364 points, with Siemens Energy AG leading the charge with a 4.695% surge. The FTSE 100 wasn't far behind, gaining 0.63%, highlighted by Diploma PLC's impressive 6.24% jump. France's CAC 40 climbed 1.29%, thanks to Legrand SA's remarkable 8.74% increase, while the Euro Stoxx 50 grew by 1.49%, with Schneider Electric SE soaring by 7.73%.

Currency Movements

In currency markets, the euro experienced a slight decline, losing 0.42% against the US dollar to trade at $1.15937 by 5:28 pm CET. Meanwhile, the British pound remained stable against the dollar, holding steady at $1.34110.