European markets edge higher in volatile trading - Breaking The News
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European markets edge higher in volatile trading

EPA-EFE/RONALD WITTEK

European stock exchanges edged up in a volatile trading session on Thursday, after recording losses at the opening bell.

The equities drew mixed signals following China's decision to step away from its rigorous pandemic policy, with the prospects of Beijing shifting its focus to stimulate the economic and social development driving the upward movement in the markets.

Frankfurt's DAX improved by 0.65% with Sartorius AG rising 2.94% at 3:22 pm CET. The European Stoxx 50 index gained 0.64% as Eni SPA jumped 5.78%. The CAC 40 advanced by 0.56% with Eurofins Scientific SE pulling the index up by 2.07% a minute later. However, London's FTSE 100 remained below the flatline, losing 0.22%.

The euro traded 0.42% higher against the dollar, to change hands for $1.06529 at 3:26 pm CET. The pound sterling pushed stronger versus the American currency, going up by 0.27% to sell at $1.20503 at the same time.

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