European Stocks Rally With DAX Turning Positive for the Year
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European stocks rose on Tuesday, on course for a record monthly gain, and Germany’s DAX Index erased losses for the year on investor optimism about the development of coronavirus vaccines and reduced political uncertainty in the U.S.
The Stoxx 600 Index closed up 0.9%, led by energy and banking shares. EasyJet Plc and International Consolidated Airlines Group SA rose upon plans for England to cut its quarantine period for arrivals from high-risk countries. Meanwhile, Germany’s DAX benchmark is set to get more constituents and tighter rules in an overhaul, and erased its losses for the year.