The stock markets of Europe have been a mess since the Brexit announcement was made, and that has changed the European stock scene forever. The impact of the Brexit announcement has been profound as the markets dipped to new lows with the threats of a no-deal Brexit that were prevalent in the past few months. The investors pulled the plug on the investments amid this rising concern, which further damaged the markets.
The European shares were faring pretty good on Monday as the markets opened for business, and they performed so well that this was the best they had in the last two years, which is sometimes I must say. The United States and China trade deal talks could be the major factor in this, but there is something else too. Irish stocks were also pushed higher and saw the biggest boost in a year high in the Ryanair rally. The Pan-European STOXX 600 index rose 0.5 percent, which is the highest it has gone since January of 2018. Tariff-exposed European miners. SPP gained 1.9 percent. Optimism in the markets also comes from the Brexit deal, finally taking some solid shape and not being uncertain as it was a couple of months ago.
This could very well mean the growth in the United Kingdom could come back, but there is a long way to go as the stocks are just a mere part of the puzzle, and there is a lot of work to be done as the nation moves out of the European Union shadow.
Tags : stock markets, Brexit, European shares, United States and China trade, Ryanair rally,