European markets closed higher Wednesday as traders monitored corporate earnings and the spread of the new coronavirus.
The pan-European Stoxx 600 closed up 0.63 to 431.16, hitting a record high as most sectors and major bourses were in positive territory. Autos shares soared 3.8% to lead gains while utilities bucked the upward trend to fall 0.4%.
China’s National Health Commission reported 2,015 new cases of coronavirus and 97 deaths across the mainland on Wednesday. The outbreak, which originated in the Chinese city of Wuhan and has killed 1,113 people in the country, has led to the shutting down of factories, businesses and transportation in China.