European markets surge as world leaders meet for G-20 talks

DSIJ Intelligence / 10 Jul 2017

European markets surge as world leaders meet for G-20 talks

Markets in Europe were higher during Monday’s trade as world leaders met over the weekend in Hamburg at the 12th G-20 talks wherein global issues such as trade, climate change and defence were discussed.

Markets in Europe were higher during Monday’s trade as world leaders met over the weekend in Hamburg at the 12th G-20 talks wherein global issues such as trade, climate change and defence were discussed.

The pan-European Stoxx 600 traded in the positive territory with all the sectors and major bourses trading in the positive territory. Meanwhile, FTSE, DAX and CAC traded in the positive territory gaining 0.35%, 0.71% and 0.34%, respectively, while IBEX 35 traded lower by 0.18% on Monday.

On Monday, eurozone finance ministers will meet in Brussels for a Eurogroup meeting and Australian Prime Minister Malcolm Turnbull will visit British Prime Minister Theresa May.

In Hamburg, Germany, 12th G-20 meet was held wherein for the first time US President Donald Trump met Russia’s President Vladimir Putin and discussed forming 'an impenetrable cyber security unit'.