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The FTSE 100 and European stocks headed higher on Monday as the dust settles on chancellor Rachel Reeves' first UK budget and the US election. Last week, both the Bank of England and Federal Reserve cut interest rates, contributing to the mood music.
Meanwhile, US traders are looking to fresh consumer price data, due out on Wednesday, for a read on the health of the economy.
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The FTSE 100 (^FTSE) rose 0.7% by the closing bell in Europe. There were only 12 fallers in the index, including oil producers, which dipped alongside the black commodity's price. The move higher for the FTSE ends a four-day losing streak.
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The index's top riser was speciality chemicals company Croda International (CRDA.L), which rose 4.9% following reports of strong third quarter sales growth.
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The more domestically focused FTSE 250 (^FTMC) also rose around 1%.
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The DAX (^GDAXI), meanwhile, was 1.3% higher in Germany. The CAC 40 (^FCHI) in Paris headed 1.2% higher.
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The pan-European Stoxx 600 (^STOXX) was 1.2% in the green.
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Over in the US, markets opened on Veterans Day at all-time highs thanks in large part to expectations for lower corporate taxes and deregulation from president-elect Donald Trump.
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The Dow (^DJI) gained 0.8% by 4.30pm in London, as the S&P 500 (^GSPC) added 0.2%. The tech-heavy Nasdaq (^IXIC) also rose 0.1%.
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Spirits are also buoyant after the Federal Reserve's latest interest-rate cut, though doubts about the rally's staying power are starting to emerge.
COP29 kicks off
One of the most important climate conferences kicks off in earnest today, so expect a slew of energy policy tidbits from COP29.
One of the outstanding questions in policy is now whether president-elect Trump will, once again, remove the US from the 2015 Paris Agreement.
In his previous term as president he took the US out of it, but Joe Biden promptly reinstated the agreement when he took office.
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