European Markets Respond Positively to US-China Trade Progress

European indexes showed significant gains in premarket trading this Monday, fueled by optimistic developments from the US-China trade negotiations held in Geneva over the weekend. Both nations reported substantial progress, sparking a wave of positivity across global markets.

Indexes on the Rise

The pan-European Euro Stoxx 50 climbed by 0.96% at 8:00 am CET, with Germany's DAX jumping 0.88%, France's CAC 40 rising 0.86%, and the UK's FTSE 100 increasing by 0.34% at the same time.

Currency Movements

In currency markets, the euro experienced a slight decline, losing 0.24% against the dollar to trade at 1.12218 at 8:00 am CET. Similarly, the pound fell by 0.17% against the greenback, selling for 1.32837 at the same time.