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European Stock Markets Open Higher on Fiat Chrysler-Renault Merger News

As a new trading week gets underway, news of a possible merger between automobile leaders Fiat Chrysler and Renault have helped boost European stock markets to open higher on Monday. The EU elections will also be in focus during today’s European session.

Shares of Fiat Chrysler and Renault have opened 10% higher, leading the run on STOXX 600. [[FSTE]], DAX and CAC are also trading in the green.

The two-party grand coalition comprising of conservatives and socialists lost their combined majority and have made way for liberals, Greens and Europsceptics to come to power in EU. What this means for European stock markets in the long run remains to be seen.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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