Major stock markets across the European continent closed Thursday's session with significant gains as investors digested the latest developments from the World Economic Forum in Davos, which has ended today.
The day was also marked by news that the British government decided to implement a 25% tax on the profits of energy companies to secure enough funding to cover rising living costs, while pledging support to low-income households.
The DAX soared 1.59% or 223 points at the closing bell, with Zalando SE surging 10.22%. The CAC 40 jumped 1.78% or 111 points. The FTSE 100 rose by 0.56%, as Ocado Group climbed 11.54%. The euro gained 0.43% against the dollar to sell for 1.07247 at 5:34 pm CET, while the pound stood flat at $1.25794.
