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European Stock Markets Turn Higher at Close
After a negative start to the trading session on Thursday, May 15, European stock markets turned higher at the close.
The Stoxx Europe 600 index rose 3.07 points, or 0.56%, to 546.95 at the close.
The German DAX index closed the session up 168.58 points, or 0.72%, to 23,695.59, despite mixed performance from some of its major stocks.
The UK's FTSE 100 index rose 48.74 points, or 0.57%, to close at 8,633.75.
The French CAC 40 index rose 16.68 points, or 0.21%, to close at 7,853.47.
Shares in defense contractor Hensoldt rose 8.8% amid broader sector gains after Germany's new defense minister announced his support for US President Donald Trump's call for NATO member states to allocate 5% of their GDP to security spending.
In contrast, shares in industrial giant Thyssenkrupp fell more than 12% after its results disappointed the market.
In a separate development, data showed the British economy grew by an unexpectedly strong 0.7% in the first quarter. However, economists warned that this momentum may not last.
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