© Reuters. The DAX chart of the German share index is shown on the Frankfurt Stock Exchange
(Reuters) – European stocks rose after their best weekly gain in nearly three months on Monday as Dialog Semiconductor boosted tech stocks, while hopes of a faster economic recovery remained amid vaccine rollouts around the world.
Renesas Electronics Corp and Dialog Semiconductor had agreed that the Japanese chip manufacturer should buy the chip designer listed in Frankfurt for 4.9 billion euros in cash.
The pan-European index rose 0.4%, adding to the previous week's gain of 3.5%. Technology stocks rose 1.3%.
Frankfurt shares gained 0.6%, outperforming European competitors in early trading.
Most of the European sector indices were higher shortly after opening.
Global markets started the week on stronger foundations as well. Investors have been closely watching a $ 1.9 trillion COVID-19 bailout package to the United States that is expected to be passed by lawmakers this month.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.
Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.