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shares have risen in the course of the elections to the European Parliament



European Markets: FTSE, GDAXI, FCHI, IBEX

The German DAX rose by 0.3%, while the French CAC rose by almost 0.2%. Italy's FTSE MIB gained 0.7%. The markets in the UK are closed on Monday due to a holiday.

Investors in Europe will focus mainly on the results of the EU parliamentary elections. First results indicated a strong presence of the liberal and green parties, while the Eurosceptic groups in the UK and France recorded the gains recorded in 201

4.

However, it is expected that the majority of Parliament will continue to consist of EU pro-parties, accounting for about two-thirds of the seats. But the right-wing populist parties in Britain and France made solid gains: The Brexit party of Nigel Farage struck Britain's two main parties and the National Rally by Marine Le Pen, which narrowly narrowed the centrist party of President Emmanuel Macron.

The Euro lost ground The US dollar was just under $ 1.12 on Monday morning, cutting its previous gains.

The sectors were mostly in positive territory. Cars increased by 1.4%, reflecting the news that Fiat Chrysler and French rival Renault are in merger talks.

Renault rose to the top of the European benchmark after Fiat had confirmed that it had filed a proposal for a merger with its French rival. In a press release, Fiat announced that the joint organization would generate estimated sales of 8.7 million vehicles a year and would be the third largest automaker in the world.

The shares of Fiat increased by 10%, while Renault increased by 14%.

Elsewhere, trading prices remained the focus of investors. The billionaire founder of Chinese telecom giant Huawei, Ren Zhengfei, told Bloomberg on Sunday that despite Beijing's heated trade war with the US, he would oppose any Chinese retaliation against his big rival Apple.

Meanwhile, US President Donald Trump put pressure on Japan on Monday to "quickly fix" the trade balance between the two countries. Trump has threatened to hit the country's automakers with heavy duties.


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