European Stocks Hit 4-Month High After EU-US Trade Deal

European stocks reached a four-month high at the start of trading, boosted by automotive and pharmaceutical companies. The rise followed the achievement of a trade agreement between the EU and the US.

The pan-European STOXX 600 index fell by 0.8% at 10:15 (Cyprus time). Most regional indices were trading in positive territory. The British FTSE 100 rose by 0.3%, the German DAX by 0.7%, and the French CAC 40 by 1.1%.

Automotive stocks were up, with Porsche and Volkswagen shares recording gains of 1.6% and 1.9%, respectively. In the pharmaceutical sector, Novo Nordisk and Roche shares rose by over 1.5%.

Source: ΚΥΠΕ