European Market Review

European stocks and shares rallied today as traders are expecting some signals for the possible outcomes in regards to the Brexit.

The British FTSE-100 surged 0.53% while Germany's DAX soared 0.52% and the French CAC-40 rallied 0.50%.

The pan-European Stoxx 600 added 0.4%, led by an incline of 0.4% for oil and gas stocks.

The British Prime Minister Boris Johnson yesterday urged French President Emmanuel Macron to “push forward” to secure a Brexit deal and reiterated his intention for the U.K. to leave the EU on October 31.

Macron reported that Brussels will stated at the end of the week whether a deal is going to be possible based on Johnson’s latest proposal.

Austrian chipmaker AMS announced its takeover bid for German lighting group Osram had failed, coming short of the needed 62.5% shareholder agreement.