European Stock Markets Experience Significant Gains

In a remarkable turn of events, major European stock exchanges, including the DAX and Euro Stoxx 50, witnessed a surge of 1% on Thursday. This uptick is largely attributed to the optimistic investor sentiment surrounding the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

Market Reactions and Currency Movements

By 10:36 am CET, the DAX had climbed 1.01%, closely followed by the Euro Stoxx 50, which advanced by 1% a minute later. The CAC 40 also saw gains, adding 0.81%, while the FTSE 100 experienced a slight dip, losing 0.31% by 10:52 am CET.

In the currency markets, the euro strengthened against the dollar, trading 0.20% higher at 1.16835 by 10:54 am CET. Similarly, the pound appreciated by 0.11% against the dollar, reaching 1.33712.