German stocks lagged their peers, rising only 0.1 per cent, after the Ifo Institute's survey showed German business morale improved by less than expected in April amid a third wave of Covid-19 infections. — Reuters picFRANKFURT, April 27 ― European stocks ended higher yesterday as strong metals prices boosted miners, while a rise in bond yields supported shares of major banks amid optimism the worst of the Covid-19 pandemic had passed.
Bank stocks were the top performers, rising 2 per cent as major lenders were supported by rising euro zone bond yields. However, German stocks lagged their peers, rising only 0.1 per cent, after the Ifo Institute's survey showed German business morale improved by less than expected in April amid a third wave of Covid-19 infections.