European stock markets closed Monday with gains as investors focused on a confidence vote in the French parliament.
The pan-European Stoxx 600 index rose 0.52% to finish at 552.04 points. Germany’s DAX 40 increased 0.89% to 23,807.13, while the UK’s FTSE 100 edged up 0.14% to 9,221.44.
France’s CAC 40 climbed 0.78% to 7,734.84, Italy’s FTSE MIB gained 0.28% to 41,723.69, and Spain’s IBEX 35 rose 1.02% to 15,002.2 points.
Market attention centred on the upcoming confidence vote in France after Prime Minister François Bayrou announced he would seek a vote ahead of the 2026 budget, which envisages roughly €43 billion (around $50.5 billion) in public spending cuts and includes the removal of certain public holidays.
In currency markets, the euro/dollar rate rose 0.18% to 1.1740 as of 16:38 GMT.
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French President Emmanuel Macron on Friday described a deadly shooting in the towns of Trappes and La Verrière, west of Paris, as a racist attack and ‘a turning point’ for the country.
Israeli forces have maintained a tight closure on Hebron in the occupied West Bank for a second day, with Palestinian media reporting home raids, mass detentions and dozens of residents forced outside following a shooting incident the day before.
German police have detained a suspect after a major fire broke out at the historic Kehlsteinhaus, known as the “Eagle’s Nest”, a mountain retreat once used by senior Nazi officials, including Adolf Hitler.
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