Europe higher premarket after German elections

Monday, 27. September 2021 07:26

Equities on major European stock exchanges were higher in premarket trade on Monday after the German Federal Returning Officer released preliminary election results, according to which the Social Democratic Party (SPD) won the most votes, followed by the Christian Democratic Union/Christian Social Union alliance and the Greens. Meanwhile, the UK has suspended competition laws to deal with fuel supply chain issues.

The DAX grew 0.51%, London's FTSE 100 increased by 0.69% and the CAC 40 gained 0.47% at 7:21 am CET.

The euro and the British pound were flat compared to the dollar at 7:24 am CET, selling for 1.17233 and 1.36780, respectively.

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