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European markets close higher; Dax up 3.28%

Published 08/11/2011, 12:55 PM
Investing.com - European stocks were up after the closing bell on Thursday.

At the close of European trade, Germany’s DAX rose 3.28%, London’s FTSE 100 gained 3.22%, France’s CAC 40 climbed 2.89% and the EURO STOXX 50 was up 2.86%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 395K last week from 402K in the preceding week whose figure was revised up from 400K.

Analysts had expected Initial Jobless Claims to rise to 401K last week.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 3.08%; the S&P 500 index gained 3.45%, while the Nasdaq 100 index climbed 3.83%.

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