The pan-European STOXX 600 index closed up 0.6 per cent, with a rally in automakers, industrial companies and SAP and helping the German DAX outperform. ― Reuters pic
UBS rose 2.4 per cent as high levels of client activity helped the world's largest wealth manager record a 137 per cent rise in net profit. “The numbers that are coming out show economic activity in Europe is falling back and underperforming other parts of the world,” said David Miller, investment director at Quilter Cheviot.
Italy's FTSE MIB rose 1.2 per cent after Prime Minister Giuseppe Conte handed in his resignation to the head of state, hoping he would be given an opportunity to put together a new coalition and rebuild his parliamentary majority.
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