European stocks are soaring: Investors have Germany’s Chancellor-in-waiting, Merz, to thank

European stocks are soaring: Investors have Germany’s Chancellor-in-waiting, Merz, to thank

Around noon (GMT), the Frankfurt benchmark index advanced 1.1 per cent to 23,412.68, while Paris’s CAC 40 and London’s FTSE 100 each rose 0.4 per cent to 8,106.84 and 8,712.02, respectively

German Chancellor-in-waiting and Christian Democratic Union (CDU) party leader Friedrich Merz attends a press conference following the German general election in Berlin. Reuters