Equities across the Old Continent opened the first session of the week in the green on Monday after investors welcomed signs of easing trade tensions. Optimism rose following United States President Donald Trump's decision to apply a lower 20% tariff on electronics from China. Europe's response was expected tomorrow but delayed; Germany urged fellow EU members to hold off on imposing digital service taxes on American tech firms. Meanwhile, traders are also eyeing the European Central Bank's upcoming monetary policy decision due later this week.
The FTSE100 added 0.40% at the open, as Polar Capital progressed 3.49% a minute later. The CAC 40 increased by 1.98%, and the EuroStoxx 50 was 2.47% above the line, as BNP Paribas added 4.11% in both indexes. The DAX went up 2.16%, with Deutsche Bank jumping 3.78% at 9:02 am CET.
The euro traded 0.48% higher against the dollar at 8:51 am CET to sell for 1.14187, while the pound gained 0.60% simultaneously, going for 1.31690.
