European equity markets closed with solid gains on Monday


During the consideration of the bill, a number of amendments were made, and now it will be sent back to the House of Representatives for a final vote. Observers believe that the vote could take place next week.

Meanwhile, the euro against the US dollar fell to its lowest level in the last 14 weeks, $ 1.1846.

Germany's industrial production fell 2.5% in January from the previous month, following a revised 1.9% increase in December, according to the country's Federal Statistical Office. At the same time, analysts predicted an average increase of 0.2%.

The composite index of the largest enterprises in the region Stoxx Europe 600 increased by 2.1%, to 417.25 points.

The German DAX soared 3.3% and hit an all-time high of 14,380.91. France's CAC 40 is up 2.1%, Britain's FTSE 100 is up 1.3%.

The Italian FTSE MIB jumped 3.1% on the day, the Spanish IBEX 35 jumped 1.9%. Both of these indices, as well as the French indicator, climbed to their highest levels in more than a year.

Among the leaders of the rise in quotations were the shares of companies that were most affected by the COVID-19 pandemic and the restrictions imposed in this regard. Including quotations of shares of the cruise operator Carnival soared by 8.2%, the travel company TUI by 5.7%, the operator of shopping centers Klepierre by 7.6%, the oil service TechnipFMC by 2.6%.

In Britain, the shares of the Rolls-Royce Holdings machine-building holdings rose significantly by 7.3%, the InterContinental Hotels Group by 5.5%, and Lloyds Banking Group by 4.3%.

On the German market, the capitalization of Deutsche Post AG increased by 6.5% during the day, the tire manufacturer Continental and the automaker Bayerische Motoren Werke AG - by 5.3%.

In France, shares of Stellantis (combined Fiat Chrysler and Peugeot) showed a strong rise - by 5.8%, aerospace corporation Airbus - by 5.3%, Societe Generale bank and steelmaker ArcelorMittal - by 4.7%.

The material has been provided by InstaForex Company -