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The rise in Europe is related to President Donald Trump’s signing of the $ 900 billion stimulus package in connection with the corona pandemic. During the stock market Christmas holidays, news also came through that the EU and the UK had reached a deal, which meant a hard Brexit could be avoided.
Among the best Companies in performance are named Astra Zeneca, up 2.7 percent, and construction giant Skanska, up 2.4 percent, after SEB sees opportunities for an additional dividend next year. for shareholders.
According to various media reports, Astra Zeneca, in turn, will soon receive the go-ahead in the UK for the company’s coronavirus vaccine. In addition, the CEO of the company claims in an interview with the British Sunday Times that the company’s covid-up will be as effective as the variants of competitors Pfizer-Biontech and Moderna.
Sandvik is also one of the winners after it was announced over Christmas weekend that it will acquire DSI Underground, a provider for tunneling and mining operations, for approximately SEK 9.5 billion. The stock is up 1.5 percent. Among companies going in the opposite direction, SSAB is notable, minus 1.8 percent.
Kopparberg Bryggeri, which has big sales in the UK and therefore benefits from the Brexit deal, rises at the same time by 6.5 percent. The fact that vaccination is beginning to accelerate in Europe raises, among other things, the aviation and travel sector with a sharp increase for SAS, by 14 percent, as well as the Scandic hotel chain, by 9.7 percent.
In Frankfurt, at the same time, the DAX index, at 3.30 pm, was up 1.5 percent, while the CAC40 index in Paris was up 1.1 percent. The London Stock Exchange is closed on weekends.