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.