In the first minutes after opening, the European Stoxx 600 index rose 0.4%. Automotive and technology stocks led the gains.
US stocks rose yesterday, Wednesday, after President Joe Biden and Republican House Speaker Kevin McCarthy confirmed their intention to reach an agreement soon to raise the debt ceiling and avoid a catastrophic economic collapse.
Shares of Volkswagen rose 2.6%, boosted by the automaker’s plans to revamp its core brand in a bid to boost efficiency and yields.
The stock was the biggest gainer on the German DAX, which rose 0.9% to its highest level in a year and a half.
Deutsche Bank AG fell 1.3% after agreeing to pay $75 million to settle a lawsuit brought by women who said they were sexually abused by late businessman Jeffrey Epstein and accused the German bank of facilitating sex trafficking.
Germany’s DAX rose 0.3%, while Britain’s FTSE index fell 0.4% at the open.
Read the Latest World News Today on The Eastern Herald.
