European markets opened the week in positive territory, following a global upswing after the U.S. Senate approved a key measure to end the nation’s longest-ever government shutdown.
By 08:15 GMT, Germany’s DAX index was up 1.5%, France’s CAC 40 gained 1%, and the UK’s FTSE 100 climbed 0.6%, reflecting broad investor optimism.
Optimism driven by U.S. shutdown progress
Investor sentiment strengthened after the U.S. Senate voted 60–40 to advance a spending bill for consideration, following a bipartisan agreement between eight Democratic senators and Republican leaders to reopen the federal government. The potential breakthrough eased concerns over the prolonged shutdown, which reached its 40th day on Sunday and had disrupted key sectors, including air travel. White House economic adviser Kevin Hassett warned that if the shutdown persisted, the U.S. economy could contract in Q4, raising global growth concerns.
COP30 Summit begins in Brazil
Meanwhile, the COP30 global climate summit opened Monday in Brazil, marking 30 years since the start of global climate negotiations that led to the 1992 U.N. climate treaty. The event is expected to be contentious, particularly after the Trump administration’s decision not to send senior representatives and to withdraw from the accord altogether.
Salzgitter cuts guidance; Hannover Re raises forecast
In corporate updates, German steelmaker Salzgitter (TG:SZG) lowered its full-year guidance for the second time in 2025, citing persistent market weakness despite recent price stabilization. In contrast, reinsurer Hannover Re (BIT:1HANN) raised its earnings forecast after reporting a 7.7% increase in nine-month group net income.
In the UK, Diageo (LSE:DGE) confirmed the appointment of Sir Dave Lewis as CEO effective January 1, 2026. Lewis, currently chair of Haleon (LSE:HLN), previously led Tesco (LSE:TSCO) from 2014 to 2020 and held senior roles at Unilever (LSE:ULVR) for nearly three decades.
Oil prices edge higher
Crude prices advanced Monday amid optimism that the end of the U.S. shutdown could lift demand from the world’s largest oil consumer. Brent crude rose 0.8% to $64.14 per barrel, while WTI gained 0.9% to $60.31. Both benchmarks fell about 2% last week, marking a second consecutive weekly loss after OPEC+ agreed to modestly increase output in December while pausing additional hikes in early 2026 to avoid oversupply.
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