European Markets Rise Amid US Record Highs
(MENAFN) European equities finished the second trading day of the week mostly higher, with the exception of the United Kingdom, as gains in the New York Stock Exchange provided momentum.
The pan-European Stoxx 600 index climbed 0.28%, or 1.55 points, closing at 554.95. Banking shares advanced by an average of 0.75%, while automotive stocks surged by roughly 1.81%.
Germany’s DAX 40 index rose 0.36% to finish at 23,611.33, and Paris’s CAC 40 increased 0.54% to 7,872.02. Italy’s FTSE MIB added 0.13%, ending at 42,477.76 points, while Spain’s IBEX 35 gained 0.5% to 15,158.2.
Conversely, Britain’s FTSE 100 slipped 0.04%, closing at 9,223.32 points.
Meanwhile, the New York Stock Exchange reached historic highs on Monday, fueled by technology company gains.
The Dow Jones Industrial Average hit an all-time peak of 46,447.13 points, the S&P 500 climbed to 6,698.88, and the Nasdaq reached 22,801.90 points.
The euro/dollar exchange rate inched up 0.04% to 1.1807 as of 1725GMT.
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