European stocks close in green
Stoxx 600 up 1.28%, Germany's DAX adds 0.53%, UK's FTSE rises 1.15%, while Swiss shares surge 2% as US, Switzerland near trade deal
By Mucahithan Avcioglu
ISTANBUL (AA) - European stocks closed higher on the second trading day of the week, as optimism on the end of the US federal government shutdown continued.
The pan-European Stoxx 600 index rose 1.28%, or 7.31 points, to close at 580.13.
Germany's DAX 40 index was up 0.53% to end at 24,088.06 points, and the UK's FTSE 100 gained 1.15% to end at 9,899.6.
France's CAC 40 rose 1.25% to 8,156.23, and Italy's FTSE MIB index added 1.24% to close at 44,438.88 points.
And Spain's IBEX 35 gained 1.27% to end the day at 16,388.8 points.
The positive course followed the US Senate's passage of a bill to finance the federal government until January and end the longest government shutdown in American history.
The bill was moved to the House of Representatives after passing 60-40 with support from almost all Republicans and a few Democratic senators. It will be sent to President Donald Trump to be signed into law if it passes the House.
Switzerland seemed to be nearing an agreement with the US to reduce tariffs, with shares of Swiss companies increasing in value. Initial gains were seen in Switzerland's luxury market, with Richemont up 2%, Swatch Group rising 6% and Givaudan surging 1.9%. By the closing bell, Switzerland's benchmark SMI index added about 2%.
Vodafone shares climbed 8.3% after the company reported overall revenues of €19.6 billion ($22.7 billion) for the first half of fiscal year 2026, a 7.3% increase.
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