European Shares Start Off On A Good Note With Rally On Brexit And Vaccine Optimism

European shares resembled in the first trading session of the year as a landmark Brexit trade deal and coronavirus vaccine drives across the continent reinforced expectations of a strong economic rebound. The STOXX 600 index gained 1.2% to touch fresh February 2020 highs, with mining and travel & leisure stocks among the top gainers.  London’s index rose 1.6% in its first day of trading with Britain outside the European Union’s orbit. While the trade deal agreed late December set rules for industries such as fishing and agriculture, it did not cover Britain’s much larger finance sector, meaning automatic access to the EU’s financial markets came to an end on Dec. 31.  The shares of Banks in the UK traded quite low. The German DAX gained 1.1% to trade below all-time highs, while the CAC 40 was up 1.3%.