Markets in Europe close higher amid US tax cut hopes - Breaking The News
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Markets in Europe close higher amid US tax cut hopes

EPA / YANNIS KOLESIDIS

European markets finished the trading session on Monday in the green as hopes of the US tax bill being passed in Congress this week increased and boosted confidence that corporations will see tax cuts.

The FTSE 100 ended 0.57% in the green, with insurance group Old Mutual Plc soaring 5.02%.

The German DAX gained 1.64%, as the electric utility RWE AG added 1.78%.

In France, the CAC 40 finished 1.42% higher, led by the luxury goods conglomerate LVMH, which was 2.32% higher at the close.

The euro also advanced, gaining 0.42% against the dollar and selling for 1.1803. The pound followed suit, growing 0.52% compared to the dollar to go for 1.3398 at 5:32 pm CET.

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