FOREX, CRYPTO ANALYSIS
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U.S. Dollar will be Downtrend 🔽
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🟢The London Stock Exchange is witnessing a strong recovery following the Labor Party's victory in the parliamentary elections
British stocks rose strongly with the opening of the European stock market for the last sessions of the week, with the FTSE 100 index recording its highest levels in 10 trading days.
This clear increase came after the release of the results of the parliamentary elections in Britain early this morning, which announced the victory of the Labor Party led by Keir Starmer by an overwhelming majority over the Conservative Party to which Rishi Sunak belongs. Therefore, Starmer is scheduled to become the next Prime Minister of the British government.
Risk appetite has clearly revived due to markets' optimism regarding the stability of the political situation within Britain and its impact on economic conditions.
➡️Below, we take a look at the performance of European and British stock indices after the opening:
🟢The FTSE 100 index rose 0.39% to 8,273.19 points.
🟢The DAX 30 index rose by about 0.45% to record 18,533.93 points.
🟢The French CAC 40 index rose to settle near the level of 7,712.38 points.
🟢The Italian FTSE MIB saw a rise of 50.64 points, to 34,156.65 points.
