Economic news

European stocks boosted by U.S. tax-reform optimism

European stocks jumped in early trade on Monday amid fresh merger and acquisition activity and investor's optimism due to expectations that a U.S. tax bill will get passed this week.

The pan-European STOXX 600 index inched up 0.5% to 390.30 points.

The British FTSE 100 rose 0.4% to 7.520.70 points.

The CAC 40 index in France leaped 0.8% to 5,390.83 points.

German DAX index surged 0.8% to 13,213.56 points.

Investors expected that Donald Trump will score his first big legislative victory since becoming President as U.S. lawmakers will pass a tax bill in the coming days.


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