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European markets close higher except UK, Spain

European markets close higher except UK, Spain
France's CAC 40 performs best, rising 0.47%

By Ovunc Kutlu

ANKARA (AA) – European stock markets closed higher on Wednesday, except British and Spanish markets, as the UK’s annual inflation hit the highest level since 2011.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 1.2, or 0.26%, to 470.76 points.

London's FTSE 100, however, lost 47 points, or 0.66%, to end at 7,170, as annual inflation increased 5.1% in November. Consumer prices increased 0.7% from the previous month, while average petrol prices stood at their highest on record in the country.

Germany's DAX 30 gained 22 points, or 0.15%, to close at 15,476, while France's CAC 40 was the best performer of the day, rising 32 points, or 0.47%, to 6,927.

Italy's FTSE MIB 30 increased 109 points, or 0.41%, to end the day at 26,666.

Spain's IBEX 35, on the other hand, declined 103 points, or 1.24%, to finish at 8,275.

source: News Feed
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