European stock indices closed higher at the end of Wednesday’s trading, achieving their best performance in more than nine months.

The European Stoxx 600 index ended trading up more than 1 percent in its strongest performance since November 2, thanks to a recovery in banking stocks.

The banking index led the gains among sectors after jumping 2.7 percent, achieving its best one-day gain in more than a year, after losing 11 percent in the past five days.

Main indices in Germany, France, Britain and Spain also rose by rates ranging between 1.5 and 2 percent.

On the other hand, shares of Danish pharmaceutical company Novo Nordisk fell by 6.7 percent, recording the biggest one-day decline since August 2022, after the company announced disappointing earnings expectations, while shares of German sportswear company Puma fell by 10.8 percent after it reduced its full-year earnings forecast.

Source: Qatar News Agency