European stock markets opened higher, with the DAX leading the way. The pound weakened, and attention is focused on UK politics.

European stock markets opened higher, with the German DAX gaining the most among major markets, while the pound weakened amid expectations of political change in the United Kingdom.

On June 22, 2026, at 2:17 PM, CNBC reported that: European stock markets opened the new trading week in positive territory. The Stoxx 600 index rose 0.12% after 8:00 AM London time.

German DAX index Leading the upward trend at the market open, it rose 0.18%, while The FTSE 100 of the UK. It rose by nearly 0.1%. French CAC 40 Move, maintain balance, and FTSE MIB of Italy decreased by 0.12%

However, most European industrial stocks moved into negative territory, with retail and construction stocks facing the most selling pressure, falling 0.66% and 0.55% respectively.

side British pound sterling The currency weakened by 0.18% against the US dollar amid growing speculation that UK Prime Minister Keir Starmer may announce a timeframe for his departure on Monday, with Andy Burnham widely expected to succeed him as Labour Party leader and next Prime Minister.

Meanwhile, the yield on 10-year UK government bonds, or Gilts, has recently fallen by one basis point to 4.8306%.

refer : www.cnbc.com

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