European Stocks Extend Gains as Brexit Deal boosts UK
- Date: 29-Dec-2020
- Source: Saudi Press Agency
- Sector:Financial Markets
- Country:Middle East
European Stocks Extend Gains as Brexit Deal boosts UK
European Stocks Extend Gains as Brexit Deal boosts UK
الثلاثاء 1442/5/14 هـ المواÙÙ‚ 2020/12/29 Ù… واس
London, December 29, 2020, SPA -- European stocks extended their year-end rally on Tuesday as a Brexit trade deal, hopes of an expanded U.S. stimulus package and euro zone's marathon COVID-19 vaccination campaign brightened prospects for global growth in 2021, Reuters reported.
The pan-European STOXX 600 was up 0.8% by 0828 GMT, rising for a fifth straight session and scaling a new 10-month high.
UK stocks were higher after a long weekend, with the blue-chip FTSE 100 jumping 1.6% after the sealing of a Brexit trade agreement between Britain and the European Union on Thursday. The German DAX rose 0.6% and extended a record run as global markets rallied on hopes that a long-awaited U.S. pandemic relief package would be expanded.
Software group SAP provided the biggest boost to the DAX after its unit, Qualtrics International Inc, filed for a U.S. initial public offering of up to $100 million.
--SPA
12:52 LOCAL TIME 09:52 GMT
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