European stock indices closed higher today as investors were encouraged by signs of progress in US-Iran peace talks and expectations for the reopening of the Strait of Hormuz. The Paris CAC 40 index rose 142.51 points, or 1.76%, to close at 8,258.26. The Frankfurt DAX index surged 500.54 points, or 2.01%, to close at 25,389.10. The London stock market was closed for a bank holiday.
FACT BOX
- Source: CNA (Central News Agency)
- Category: Financial Markets
- Dates in source: May 25