Europe opens higher following elections

Monday, 27. September 2021 09:03

Major stock markets in Europe opened higher on Monday, as investors digested the election results coming out of Germany. According to preliminary reporting, the Social Democratic Party (SPD) won the federal election, while the Christian Democrats had their worst election result in history. Meanwhile, fuel shortages in the United Kingdom continued to cause disruptions in daily life.

The DAX started 1.06% in the green, with Vonovia increasing 2.75%. The FTSE 100 was up by 0.65% at the opening bell, led by Rolls-Royce gaining 3.28%. The CAC 40 began 0.75% higher jumped 1.26%, as LVMH.

The euro lost 0.13% against the dollar trading for $1.17058 at 9:04 am CET, while the pound stood flat against the American currency changing hands for $1.36670 at the same time.

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