European stock markets rise on positive news

Exchanges in Germany and France are showing growth on Monday. The German DAX index reached a record high of 13,783.8 points, which is 1.45% higher than the value recorded at the end of the previous trading session. The French CAC 40 index climbed 0.61% to 5555.82 points.

Investors are evaluating the event related to the between Brussels and London on . It significantly reduced the uncertainty about the terms of further relations between the EU and the . The British Parliament is set to ratify the trade deal on Wednesday.

A positive factor for the markets was also the announcement of the signing by of the draft US state budget for next year. It includes $900 billion in spending that will support the American economy.

The Brexit deal, the stimulus package in the United States, and the start of vaccinations in a number of countries give hope for a gradual recovery in the global economy.

Leave a Reply

Your email address will not be published. Required fields are marked *