European shares continue to gain ground and a Brexit deal supports its stock exchange

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Tuesday, December 29, 2020 - 11:13
Point Trader Group
European shares continue to gain ground and a Brexit deal supports its stock exchange

European stocks continued their year-end gains Tuesday, December 29, as global growth prospects were boosted by a trade pact linked to Britain's exit from the European Union and hopes for an increase in the US stimulus package and the race to the eurozone for COVID-19 vaccination.

The European Stoxx600 index rose 0.8% by 08:28 GMT, rising for the fifth consecutive session and reaching a new ten-month high.

British stocks rose after a long weekend, as the FTSE100 blue-chip index jumped 1.6% after the two sides signed a trade deal linked to Britain's exit from the European Union on Thursday.

The German DAX index rose 0.6% and continued its record rise, as global markets won, supported by hopes that a US aid package linked to the pandemic will be scaled up.


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