Bulletin
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


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 (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.

Link to MarketWatch's Slice.