European Stock Markets See Gains
(MENAFN) European equities finished the opening session of the week on a positive note.
The Stoxx 600, the broad European benchmark, advanced by 0.52%, or 2.83 points, concluding the day at 552.04.
The Stoxx 600, the broad European benchmark, advanced by 0.52%, or 2.83 points, concluding the day at 552.04.
Germany’s DAX 40 rose 0.89%, settling at 23,807.13 points, while the UK’s FTSE 100 moved up 0.14% to 9,221.44 points.
France’s CAC 40 climbed 0.78% to 7,734.84 points, and Italy’s FTSE MIB gained 0.28%, closing at 41,723.69 points. Spain’s IBEX 35 registered the strongest rise, increasing 1.02% to finish at 15,002.2 points.
Market participants concentrated on the upcoming confidence vote in the French parliament.
French Prime Minister Francois Bayrou declared that he would guide his administration through a vote of confidence prior to the 2026 budget, which projects around €43 billion (roughly $50.5 billion) in government expenditure reductions and proposes the removal of certain public holidays.
Meanwhile, the euro/dollar exchange rate inched up 0.18% to 1.1740 by 1638GMT.
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