European Stock Markets Started Positive With The Added Time To Brexit

European Stock Markets Started Positive With The Added Time To Brexit European stock markets started positive with the added time to brexit. European stock markets are at a high trading level on Monday as the Brexit meeting between leaders on Sunday gave time to negotiation. By 08:35 GMT time, the German DAX rose 0.8 percent, the French CAC 40 rose 0.8 percent and the British FTSE index rose 0.1 percent. British Prime Minister Boris Johnson and European Commission President Ursula Von Der Leyen reached an agreement on an "extension of the process" at the weekend. This gave negotiators another chance to terminate the trade agreement. The talks seemed doomed to fail towards the end of last week. British Prime Minister Johnson has stated that the likelihood of both sides failing to negotiate a trade deal is "strong". If no agreement is reached by December 31, the money that parties faced with tariffs and quotas are at risk from annual trading around $ 1 trillion. Meanwhile, the US Food and Drug Administration approved the Pfizer / BioNTech Covid-19 vaccine last week. The US will begin receiving the first deliveries of the drug as of this week. In addition, there were talks of the $ 908 billion Covid-19 additional financial stimulus package introduced at the congress held in the USA on Monday. On Sunday, German federal and state officials decided to put the country under much stricter isolation from Wednesday. This is a closure of non-essential stores as coronavirus cases increase during the winter. In a corporate report, after it was heard that AstraZeneca (NASDAQ: AZN) will acquire US pharmaceutical manufacturer Alexion Pharmaceuticals (NASDAQ: ALXN) with a $ 39 billion acquisition, its share value dropped 5.9 percent. Eurozone industrial production data for October will be released on Monday. It is expected to show a 2.0 percent recovery after a 0.4 percent drop in the previous month.   Oil prices soared on Monday Oil prices soared on Monday and continued to soar amid confidence that demand would recover next year, following the launch of the Covid-19 vaccine in the US, the world's largest oil consumer. Tensions created by the oil tanker hit by an unidentified external source while transferring in Saudi Arabia's Jeddah port also helped to increase prices. U.S. crude oil futures increased 1.3 percent to $ 47.15 per barrel, while the brent contract rose 1.2 percent to $ 50.55 per barrel. Gold futures fell 0.7 percent to $ 1,830.25 / ounce, while EUR / USD traded 0.3 percent to 1.2144.   Source: https://www.investing.com/ You may also be interested in: Stock Market Started the Day With A Record on December 16