European Stock Markets Strongly Bounce Back From Previous Losses

European stock markets closed higher on Wednesday, strongly bouncing back from losses the previous day.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 7.90, or 1.71%, to close at 470.86.

London's FTSE 100 gained 109 points, or 1.55%, to end the day at 7,168.

Germany's DAX 30 was the best performer of the day although retail sales in the country declined 2.9% in October annually. The index soared 372 points, or 2.47%, to finish at 15,472.

France's CAC 40 increased 160 points, or 2.39%, to 6,881. Italy's FTSE MIB 30 rose 557 points, or 2.16%, to end the day at 26,371.

Spain's IBEX 35 added 147 points, or 1.78%, to close at 8,452.

The indices lost between 0.71% and 1.78% on Tuesday.

The eurozone purchasing managers' index for manufacturing sector growth came at 58.4 in November, slightly up from 58.3 the previous month, according to London-based global data company IHS Markit earlier. -