5/29, 9:02 AM (Source: TeleTrader)
more TeleTrader news

Europe opens in green as US default seems averted

The stock markets in Europe opened the first session of the week with gains on Monday as investors drew optimism from the deal sealed by United States President Joe Biden and House Speaker Kevin McCarthy, which allows for the raising of the debt limit. The latest batch of economic data, including preliminary May inflation figures for the euro area, will be released in the coming days.

London's FTSE 100 stayed closed for the Spring Bank Holiday.

The DAX added 0.51%, and the Euro Stoxx 50 advanced by 0.49%, with as Vonovia increasing by 1.72% in both indexes. The CAC 40 rose 0.49%. The best performer was Unibail-Rodamco-Westfield, jumping 1.86%.

The euro traded 0.11% higher against the dollar at 8:58 am CET to sell at 1.07371, while the pound sterling gained 0.13% compared to the American currency to change hands for 1.23669 at the same time.

Baha Breaking News (BBN) / MX