European stocks up as Germany approves debt reform

European stocks advanced on Monday, buoyed by strength in the energy and healthcare sectors as investors responded positively to Germany’s landmark decision to increase state borrowing for defense and infrastructure.

The pan-European STOXX 600 rose 0.32 per cent by 6:55 AM ET (10:55 AM GMT), while Germany’s DAX saw a 0.53 per cent increase.

Other major European indexes also posted gains:

• France’s CAC 40 added 0.37 per cent
• Spain’s IBEX 35 gained 0.61 per cent
• UK’s FTSE 100 edged up 0.18 per cent

The optimism surrounding Germany’s fiscal policy shift helped drive market sentiment, with investors closely watching sector performances and economic developments across the region.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser