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FX.co ★ European equity markets closed with solid gains on Monday

European equity markets closed with solid gains on Monday

European equity markets closed with solid gains on Monday

During the consideration of the bill, a number of amendments were made, and now it will be sent back to the House of Representatives for a final vote. Observers believe that the vote could take place next week.

Meanwhile, the euro against the US dollar fell to its lowest level in the last 14 weeks, $ 1.1846.

Germany's industrial production fell 2.5% in January from the previous month, following a revised 1.9% increase in December, according to the country's Federal Statistical Office. At the same time, analysts predicted an average increase of 0.2%.

The composite index of the largest enterprises in the region Stoxx Europe 600 increased by 2.1%, to 417.25 points.

The German DAX soared 3.3% and hit an all-time high of 14,380.91. France's CAC 40 is up 2.1%, Britain's FTSE 100 is up 1.3%.

The Italian FTSE MIB jumped 3.1% on the day, the Spanish IBEX 35 jumped 1.9%. Both of these indices, as well as the French indicator, climbed to their highest levels in more than a year.

Among the leaders of the rise in quotations were the shares of companies that were most affected by the COVID-19 pandemic and the restrictions imposed in this regard. Including quotations of shares of the cruise operator Carnival soared by 8.2%, the travel company TUI by 5.7%, the operator of shopping centers Klepierre by 7.6%, the oil service TechnipFMC by 2.6%.

In Britain, the shares of the Rolls-Royce Holdings machine-building holdings rose significantly by 7.3%, the InterContinental Hotels Group by 5.5%, and Lloyds Banking Group by 4.3%.

On the German market, the capitalization of Deutsche Post AG increased by 6.5% during the day, the tire manufacturer Continental and the automaker Bayerische Motoren Werke AG - by 5.3%.

In France, shares of Stellantis (combined Fiat Chrysler and Peugeot) showed a strong rise - by 5.8%, aerospace corporation Airbus - by 5.3%, Societe Generale bank and steelmaker ArcelorMittal - by 4.7%.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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