Strong gains in European stock markets
Istanbul, November 5 (Hibya) - European stock markets ended the trading session higher, supported by easing political uncertainty following the US midterm elections and declining energy prices. The STOXX Europe 600 gained 1.82 percent, Germany's DAX Index rose 2.22 percent, and France's CAC 40 Index advanced 1.96 percent.
Europe's benchmark STOXX Europe 600 Index climbed to 657.40 points, while Germany's DAX Index closed 2.22 percent higher at 26,437.67 points. France's CAC 40 Index rose 1.96 percent to 8,177.89 points, while Switzerland's SMI Index gained 1.90 percent to reach 15,022.85 points.
The UK's FTSE 100 Index advanced 1.79 percent to 10,829.21 points, while Italy's FTSE MIB Index rose 2.18 percent to trade at 51,031.02 points. Spain's IBEX 35 Index also gained 3 percent, reaching 19,370.90 points.
The rally in European markets was driven by reduced political uncertainty following the US midterm elections, falling oil prices, and buying activity in banking and clean energy stocks. Among clean energy companies, Vestas shares rose 5 percent, Orsted gained 7 percent, and Nordex advanced 4.7 percent.
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