India, July 2 -- Most of the stock markets across Europe closed on a strong note on Thursday, led by gains in pharmaceuticals, defensive sectors. Easing concerns about inflation and interest rates, as well as a new reform package from the German government and some encouraging corporate news contributed to the positive mood in the markets.
The pan European Stoxx 600 gained 1.41%. The UK's FTSE 100 jumped 1.67%, Germany's DAX closed 2.16% up, hitting a new record high. France's CAC 40 climbed 1.65%, while Switzerland's SMI settled 1.69% up.
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