LONDON — European stocks rallied at the start of the new trading week as a deal on a funding package that could end the U.S. government shutdown appears to be getting closer.
The pan-European Stoxx 600 was up 0.8% shortly after the opening bell, with almost all major bourses and sectors in positive territory. By 8:03 a.m. in London (3:03 a.m. ET):
• The U.K.’s FTSE 100 had climbed 0.7%
• Germany’s DAX was 1.5% higher
• France’s CAC 40 gained 1.1%
• Italy’s FTSE MIB rose 1.1%
The advance follows a critical late-Sunday step by Senate lawmakers toward a bipartisan deal to reopen the government through January and reverse recent mass federal layoffs. People familiar with the situation told CNBC that enough Democratic senators had signaled support to clear the 60-vote threshold needed for passage.
Consumer sentiment has plunged to its lowest level in more than three years amid the shutdown, according to a University of Michigan survey released Friday. Key economic reports have also been delayed by the impasse.
U.S. stock futures rose Sunday night on the prospect of an agreement, offering investors relief after last week’s sell-off in high-valuation, artificial-intelligence–related stocks. Asia-Pacific markets similarly traded higher overnight, despite tech-led losses earlier in the week. Investors in the region also digested October inflation data from China that came in above expectations.
In corporate news, earnings are due this week from Hannover Re and Mediobanca. Meanwhile, the COP30 climate summit kicks off Monday.
CNBC’s Liz Napolitano contributed to this report.
https://www.cnbc.com/2025/11/10/european-markets-on-nov-10-stoxx-600-ftse-dax-cac.html
