European stocks jump to 3-month peak on new draft Brexit deal

European stocks surged to 3-month highs during the morning trading hours today, to resume their gains after yesterday's breather, amid improved market sentiment after the European Commission announced a new draft Brexit deal.

Stoxx Europe 600 was higher by 0.4% as of 11:24 GMT, to hit its highest level July, while it closed lower by 0.1% yesterday in a breather after a jump by 1.1% in the previous session.

The index opened today's session higher, to resume its gains after yesterday's breather and hit a 3-month peak, with most of the major European exchanges and sectors rising.

The European Commission President, Jean-Claude Juncker, announced today a final agreement on the UK departure from the European Union, after the intensive talks last night, which comes ahead of EU leaders summit in Brussels later today.

British Prime Minister Boris Johnson confirmed that a draft deal has been made and will be presented to EU leaders at their summit on Thursday and Friday, and to the British parliament on Saturday.

S&P 500 futures rose by 0.4% and reached a 3-week high today, while it closed lower by 0.2% yesterday at Wall Street, after robust gains in the previous day.

The Euro Stoxx 50 index rose by 0.4%, as in France the CAC 40 rose by 0.3%, and Germany's DAX gained 0.5%, while in London the FTSE 100 climbed more than 0.6%.