European market starts in the high price range

The Labor Party won an overwhelming majority in the parliament, and it seems that 14 years of control by the Conservative Party will come to an end.

Labor Party leader Kier Sturmer has taken office as the next prime minister, and the market is expected to become a more stable political and economic environment for investors.

According to Bloomberg, in relation to companies, it is reported that France's BNP Paribas and Switzerland's UBS are considering the acquisition of HSBC's German asset management division.

Meanwhile, investors are refraining from announcing important US employment statistics with the possibility that the US Federal Reserve (Fed) interest rate cut observations will intensify.

Futures on Euro Stoxx 50 and FTSE 100 rose by around 0.2 percent in pre-market trading.