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European stocks extend gains as Brexit deal boosts UK

Published 12/29/2020, 04:36 PM
Updated 12/29/2020, 04:40 PM
© Reuters.
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Dec 29 (Reuters) - European stocks extended their year-end
rally on Tuesday as a Brexit trade deal, hopes of an expanded
U.S. stimulus package and euro zone's marathon COVID-19
vaccination campaign brightened prospects for global growth in
2021.
The pan-European STOXX 600 .STOXX was up 0.8% by 0828 GMT,
rising for a fifth straight session and scaling a new 10-month
high.
UK stocks were higher after a long weekend, with the
blue-chip FTSE 100 .FTSE jumping 1.6% after the sealing of a
Brexit trade agreement between Britain and the European Union on
Thursday.
The German DAX .GDAXI rose 0.6% and extended a record run
as global markets rallied on hopes that a long-awaited U.S.
pandemic relief package would be expanded.
Software group SAP SAPG.DE provided the biggest boost to
the DAX after its unit, Qualtrics International Inc, filed for a
U.S. initial public offering of up to $100 million.

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