European shares rise early after Iran deal
PARIS, Nov 25 (Reuters) - European shares rose in early
trade on Monday, with investor sentiment boosted by a deal
nuclear programme in exchange for a partial lift in sanctions.
At 0809 GMT, the FTSEurofirst 300 index of top
European shares was up 0.4 percent at 1,301.97 points, while the
euro zone's blue-chip Euro STOXX 50 index was up 0.4
percent at 3,067.83 points.
The German DAX hit a fresh record high.
The interim pact between Iran and the United States, France,
Germany, Britain, China and Russia signed over the weekend was
seen as signalling the start of a game-changing rapprochement
that would reduce the risk of a wider Middle East war.
"It's the kind of positive catalyst that could help the
(European stock) market break out of its recent range and start
a Christmas rally," a Paris-based equity and exchange-traded
funds (ETFs) trader said.
French car makers PSA Peugeot Citroen and Renault
, which had a significant exposure to the Iranian car