Major European stock indexes traded with gains in the premarket hours on Monday as investors assessed the final results of the German snap elections. Namely, the Christian Democratic Union/Christian Social Union alliance won 28.5% of the votes, while the far-right AfD secured 20.80% and outgoing Chancellor Olaf Scholz's Social Democratic Party (SPD) garnered 16.4%.
The DAX improved by 0.98% at 8:00 am CET, and the FTSE 100 climbed by 0.55%. The CAC 40 advanced by 0.40%, while the Euro Stoxx 50 rose by 0.45%.
The euro traded 0.46% higher against the dollar, selling for $1.05089 at 7:58 am CET. At the same time, the pound gained 0.28% compared to the greenback to go for $1.26661.