Europe higher premarket with German elections in spotlight - Breaking The News
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Europe higher premarket with German elections in spotlight

EPA-EFE/FACUNDO ARRIZABALAGA

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.

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