European stocks jump to 5-month high, as Brexit vote blocked

European shares rose on Tuesday to extend their gains for the fifth session in a row, the highest level in five months, after the British parliament blocked the vote on the revised agreement plan of Prime Minister "Theresa May" for the Brexit, ahead the US Federal Reserve Monetary Policy Meeting.

As of 11:10 GMT, Stoxx Europe 600 rose by more than 0.6%, its highest level since last October, and ended yesterday's session up 0.3%, the fourth consecutive daily gain, due to a strong rise in the banking sector And financial companies.

Stoxx Europe rose Tuesday morning to continue its gains for the fifth session in a row, hitting its highest level in five months, with most of the major exchanges and sectors in the Green Zone.

In London, FTSE 100 rose 0.4% after the British parliament blocked the vote on Prime Minister Theresa May's third attempt to get approval at her revised agreement plan of Brexit.

the official speaker of the British parliament said that the Prime Minister Theresa May's Brexit deal could not be voted on again unless a different proposal was made.

On the other hand, the US Federal Reserve Bank is due to begin its monetary policy meeting later today, with its decisions being issued immediately after the meeting ends on Wednesday.

With global growth slowing and rising risks around the US economy, most market participants expect the bank to make a pessimistic move, as the bank will lower interest rate expectations to show more flexibility on the possibility of resuming monetary policy tightening or not.

S & P 500 futures rose by 0.4%, hitting their highest level in five months ahead of the opening of the official trading session on Wall Street, and ended the index yesterday's rise by 0.4%, in the second daily gain, respectively.

Euro Stoxx 50 index rose 0.7%. as in France, CAC 40 index gained 0.5%. while in Germany, DAX index added more than 0.9%, leading the gainers list in Europe.