Stock indices closed higher on speculation that the European Central Bank (ECB) will add further stimulus measures. The ECB President Mario Draghi said at a press conference after the ECB meeting in October that the central bank will review its stimulus measures at its next meeting in December.
U.S. markets were closed for a public holiday today.
Meanwhile, the economic data from the Eurozone was positive. The European Central Bank (ECB) released its M3 money supply figures on Thursday. M3 money supply rose 5.3% in October from last year, exceeding expectations for a 4.9% gain, after a 4.9 % increase in September.
Loans to the private sector in the Eurozone climbed 1.2% in October from the last year, in line with expectations, after a 1.1% gain in September.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,393.13 55.49 0.88 %
DAX 11,320.77 151.23 1.35 %
CAC 40 4,946.02 53.03 1.08 %