European stocks jumped out of the gates on Monday, tracking gains out of Asia as investors took the view that weaker-than-expected U.S. jobs data last week will keep the Federal Reserve’s tapering plans at bay for longer.
The data cast a shadow over the continuing recovery in the U.S. and raised questions about whether the Federal Reserve could delay its long-anticipated plan to start tapering asset purchases. The main German index is facing the biggest shake-up in its history, with 10 new members from DAX’s midcap index being ushered in of September 20. Those include aerospace group Airbus AIR, +1.63%, e-commerce retailer Zalando ZAL, +0.13%, biotech and medical company Siemens Healthineers SHL, +0.07%, flavors and fragrance group Symrise SY1, -0.46%, meal-kit group HelloFresh HFG, -0.68%, pharmaceutical and laboratory equipment supplier Sartorius SRT, +6.
Luxury goods makers were also on the rise Monday, with shares of Christian Dior CDI, +3.10% climbing 3% and Burberry BRBY, +2.14% and LVMH Moët Hennessy Louis Vuitton MC, +2.09% up 2% each.
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