European stocks push higher; EasyJet shares take off
European stocks push higher; EasyJet shares take off
London - Egypt Today
Europe's main stock markets rose Tuesday, with the DAX climbing one percent despite continued political uncertainty in Germany, while EasyJet's share price was propelled higher on a positive outlook.
The euro remained under pressure after German Chancellor Angela Merkel struggled to form a government following months of horse-trading with other parties failed.
The leader of 12 years indicated Monday she was ready to hold snap elections after the collapse of coalition talks at the weekend plunged Europe's biggest economy into turmoil.
"Merkel said she did not favour a minority government because it wouldn't bring the stability necessary to govern effectively," said Greg McKenna, chief market strategist at AxiTrader.
"That suggests more talks but an increased chance of fresh elections in early 2018. How that plays out is going to be interesting for the euro and certainly the Brexit process as well."
In addition to the DAX, the CAC 40 was also pushing higher, trading up 0.7 percent in afternoon trading.
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