Deutsche Börse

European stock markets gain more than 1% on the back of Trump’s victory

European stocks opened higher as global markets focused on the vote count after the U.S. presidential election.

The pan-European Stoxx 600 index was up 0.58% shortly after the start of trading, with regional bourses and sectoral indices broadly higher. Media stocks gained 2%, while utilities fell 1.66%. Currently, the pan-European index is up 1.14% at 515.35 points.

Britain: Stock markets in London and Europe opened with a rise after Labour’s victory

Shares in London rose today after Labour’s sweeping victory in the general election, creating a sense of stability for investors who expect it to end years of market volatility.

The blue-chips FTSE 100 index rose 0.3 percent after posting its best daily performance in nearly two months yesterday, while the mid-cap FTSE 250 index was up 0.2 percent at 10:05 a.m. GMT.

EU Blocks LSE, Deutsche Boerse Merger

The European Union has blocked the large-scale merger of the London Stock Exchange with German Deutsche Boerse on the grounds of apprehensions about competition and Brexit.

"After the parties failed to propose the necessary measures for dealing with our apprehensions about competition, the EC decided to ban the merger," stated European Commissioner for Competition Margrethe Vestager.

LSE says Deutsche Boerse merger in doubt

The London Stock Exchange on Feb. 26 said it is "highly unlikely" it will be able to meet antitrust conditions set by Brussels for its tie-up with Deutsche Boerse, throwing the merger into doubt.

The announcement by LSE, which also operates the Milan stock exchange, is the latest twist in its longstanding attempt to merge with the German stock exchange operator.

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