European stocks tick up after Wall Street closes higher

 European stocks tick up after Wall Street closes higher

European stocks edged higher on Thursday as traders weighed up strong US economic data released during the previous session and the minutes of the Federal Reserve’s latest policy meeting.

The Stoxx Europe 600 gauge closed up 0.4 per cent. The regional index had on Wednesday snapped a losing streak after closing lower in each of the four previous trading days, falling 1.3 per cent on Tuesday. Various countries in the bloc last week introduced fresh coronavirus curbs in response to surging case numbers.

Germany’s Dax index rose 0.2 per cent, while France’s CAC 40 gauge rose 0.5 per cent. London’s FTSE 100 index gained 0.3 per cent.

Following the reimposition of pandemic restrictions in countries including Germany and the Netherlands, Goldman Sachs on Wednesday slightly lowered its growth expectations for the euro area for the fourth quarter of this year by 0.2 percentage points to 0.8 per cent. The bank lowered its…

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