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Dec. 13, 2019, 9:38 a.m. EST

European stocks gain after Conservative victory in U.K. election

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By Steve Goldstein, MarketWatch


Getty Images
British Prime Minister Boris Johnson

Stocks in Europe rallied on Friday on relief the Conservatives won the U.K. general election as well as anticipation a U.S.-China trade deal will be announced.

The Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.19%  surged 1.18% to 412.38.

The U.K. FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.38%  leaped 1.77% to 7402.1, with homebuilders such as Barrett Developments /zigman2/quotes/209812640/delayed UK:BDEV -1.98%  and banks including Lloyds /zigman2/quotes/202285510/delayed UK:LLOY -0.32%   among the major movers. Read: British stocks surge after Johnson’s Conservatives win majority

The German DAX /zigman2/quotes/210597999/delayed DX:DAX +0.19%   gained 0.54% to 13293.06 and the French CAC 40 /zigman2/quotes/210597958/delayed FR:PX1 +0.29%  rose 0.63% to 5921.16.

Outside of the U.K. story, Delivery Hero /zigman2/quotes/202519651/delayed DE:DHER -0.09%  shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion.

/zigman2/quotes/210599654/delayed
XX : STOXX
413.23
+0.79 +0.19%
Volume: 0.00
March 2, 2021 11:03p
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/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,613.75
+25.22 +0.38%
Volume: 656,176
March 2, 2021 4:58p
loading...
/zigman2/quotes/209812640/delayed
UK : U.K.: London
684.20 p
-13.80 -1.98%
Volume: 1.95M
March 2, 2021 4:35p
P/E Ratio
17.33
Dividend Yield
1.10%
Market Cap
£7.10 billion
Rev. per Employee
£513,779
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/zigman2/quotes/202285510/delayed
UK : U.K.: London
38.88 p
-0.13 -0.32%
Volume: 149.36M
March 2, 2021 4:35p
P/E Ratio
32.40
Dividend Yield
1.47%
Market Cap
£27.63 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210597999/delayed
DAX
DX : Xetra Indices
14,039.80
+26.98 +0.19%
Volume: 63,307
March 2, 2021 6:30p
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/zigman2/quotes/210597958/delayed
FR : France: Euronext Paris
5,809.73
+16.94 +0.29%
Volume: 78,464
March 2, 2021 6:05p
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/zigman2/quotes/202519651/delayed
DE : Germany: Frankfurt
108.00
-0.10 -0.09%
Volume: 712.00
March 2, 2021 8:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
N/A
loading...

Steve Goldstein is MarketWatch markets editor for Europe. Follow him on Twitter: @MKTWgoldstein.

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