European stocks bounce back to close with gains

ANKARA

Major stock indices in Europe closed Wednesday with gains, bouncing back from the previous day's losses.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 3.96 points, or 0.9%, to close at 446.33.

London's FTSE 100 increased 99 points, or 1.36%, to finish at 7,429.

Germany's DAX 30 gained 95 points, or 0.69%, to end the day at 14,000, while France's CAC 40 was up 101 points, or 1.59%, to 6,498.

Italy's FTSE MIB added 170 points, or 0.7%, to close at 24,534.

Spain's IBEX 35 was the best performer of the day rising 132 points, or 1.62%, to 8,321.

The euro area annual inflation rate was 5.8% in February, up from 5.1% in January, according to Eurostat.

Energy prices were up 31.7% in February, from the same month in 2021, it added.