Europe opens higher on US stimulus, more vaccines

Monday, 01. March 2021 09:00

European equities started the session on Monday in the green as the United States moved towards advancing more fiscal stimulus and Johnson & Johnson's single-shot coronavirus vaccine was approved for emergency use by the Food and Drug Administration (FDA).

Last week, the Democratic-controlled House of Representatives voted 219 to 212 to approve a $1.9 trillion relief package to help support the US economy amid the coronavirus crisis. Meanwhile, J&J's COVID-19 jab will be the third vaccine in circulation in the US following the FDA's approval.

The DAX jumped 1.28% in the first minutes of trading as Adidas led the gains rising over 25. Meanwhile, the CAC 40 climbed 1.20% with Airbus as the top performer. The FTSE 100 opened 0.94% in the green in London; Taylor Wimpey jumped over 2%.

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Author:
Breaking the News / JC