European stock markets closed higher on Wednesday, strongly bouncing back from losses the previous day.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 7.90, or 1.71%, to close at 470.86.

London's FTSE 100 gained 109 points, or 1.55%, to end the day at 7,168.

Germany's DAX 30 was the best performer of the day although retail sales in the country declined 2.9% in October annually. The index soared 372 points, or 2.47%, to finish at 15,472.

France's CAC 40 increased 160 points, or 2.39%, to 6,881. Italy's FTSE MIB 30 rose 557 points, or 2.16%, to end the day at 26,371.

Spain's IBEX 35 added 147 points, or 1.78%, to close at 8,452.

The indices lost between 0.71% and 1.78% on Tuesday.

The eurozone purchasing managers' index for manufacturing sector growth came at 58.4 in November, slightly up from 58.3 the previous month, according to London-based global data company IHS Markit earlier./aa