European Stocks Close Higher
Brussels, November 10 (QNA) - European stock indexes closed higher Monday, buoyed by investor optimism over signs that the historic US government shutdown may soon come to an end.
The pan-European Stoxx 600 index rose 1.4 percent to 572.82, marking its best single-day performance in nearly three weeks.
Germany’s DAX index climbed 1.7 percent, while France’s CAC 40 gained 1.3 percent.
Market tensions eased after the US Senate introduced a bill that would fund government operations through the end of January. The measure still requires approval from the House of Representatives and President Donald Trump.
Technology stocks rebounded, rising 1.6 percent. Siemens Energy shares jumped 4.6 percent after Jefferies upgraded its rating on the data center equipment maker from "hold" to "buy."
Banking stocks also advanced, gaining 2.9 percent overall. Commerzbank shares surged 6.6 percent following an upgrade from Deutsche Bank, which also shifted its recommendation from "hold" to "buy." (QNA)
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