Investor Alert

Europe Markets

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

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

By Steve Goldstein, MarketWatch

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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 (STOXX:XX:SXXP)  surged 1.18% to 412.38.

The U.K. FTSE 100 (FTSE:UK:UKX)  leaped 1.77% to 7402.1, with homebuilders such as Barrett Developments (LON:UK:BDEV)  and banks including Lloyds (LON:UK:LLOY)   among the major movers. Read: British stocks surge after Johnson’s Conservatives win majority

The German DAX (XEX:DX:DAX)   gained 0.54% to 13293.06 and the French CAC 40 (PAR:FR:PX1)  rose 0.63% to 5921.16.

Outside of the U.K. story, Delivery Hero (FRA:DE:DHER)  shares jumped 22% after reaching a deal to buy South Korea’s online food delivery service Woowa for $4 billion.

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