Major stock markets in Europe traded higher at the end of Wednesday's trading session after the European Union unveiled a €26 billion worth of goods imported from the United States in response to that country's tariffs on steel and aluminum.
At the same time, investors on the continent kept a close eye on the latest developments in Ukraine and the possibility of a 30-day ceasefire between Kiev and Moscow.
The DAX grew 1.62% after Rheinmetall skyrocketted 9.06%. The Euro Stoxx 50 added 0.99% and the CAC 40 added 0.59% with Safran rising 5.07% on both indexes. The FTSE 100 increased by 0.53% as Melrose Industries jumped 6.26%.
On the currency front, the euro traded flat against the dollar, exchanging for $1.09156 at 5:29 pm CET and the pound sterling was 0.21% stronger than the dollar and sold for $1.29777 a minute later.
