🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

European shares jump on U.S. stimulus aid support, Brexit deal relief

Published 12/28/2020, 04:25 PM
Updated 12/28/2020, 04:30 PM
© Reuters.
STOXX
-
SXEP
-
SXAP
-

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Dec 28 (Reuters) - European shares gained on Monday after
Britain and the European Union signed a long awaited trade deal,
while a bumper U.S. stimulus package boosted investor sentiment
for riskier global assets.
U.S. President Donald Trump on Sunday signed into law a $2.3
trillion pandemic aid and spending package, restoring
unemployment benefits to millions of Americans and averting a
federal government shutdown in a crisis of his own making.
The benchmark European stock index .STOXX jumped 0.5%,
with automakers .SXAP and energy stocks .SXEP gaining the
most.
Also supporting sentiment was Europe's cross-border
vaccination programme launched on Sunday, fuelling hopes of a
pandemic-free second half of 2021 and of a strong economic
rebound. Britain signed the Brexit trade deal late on Thursday, just
seven days before it exits one of the world's biggest trading
blocs. London markets were shut for the Boxing Day holiday,
meanwhile trading volumes are expected to be light in European
stocks in another holiday shortened week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.