European equities start new week with strong gains
European stock market indices launched new week with solid bullish gaps. No major news was offered to the markets over the weekend, so gains can be seen as a reaction to a late-Friday rally on Wall Street. German DAX broke back above 12,700 pts and is trading over 2% higher. US futures are trading slightly above Friday's closing prices. Ongoing EU-UK talks and hints on new lockdowns could be movers for European assets this week.
DE30 surged after opening today's cash session (orange circle). The index cleared the price zone at 12,665 pts and is looking towards last week's peak at 12,800 pts. Source: xStation5
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