Major European stock markets are rallying on Monday, supported by data on industrial production in the eurozone and news about the extension of the UK and EU talks, Prime reported.

The British FTSE 100 index rose by 0.31%, to 6567.43 points, the French CAC 40 index - by 0.88%, to 5555.93 points, the German DAX - by 0.98%, to 13243.25 points.

The European indices are supported by EU statistics on Monday. Thus, the industrial production index in the eurozone in October increased by 2.1% in monthly terms, while it decreased by 3.8% in annual terms. Moreover, it was expected the index would increase in monthly terms by 2% and decreased by 4.4% in annual terms.

Bidders continue to follow the news related to the UK and EU negotiations. The parties said the negotiations on the trade agreement will continue and they will seek a compromise to the last. Earlier, the parties agreed to decide on a future trade deal on December 13.

It seems some progress indeed has been already made, and a last-minute compromise is most likely, given that none of the parties wants to break off the talks. This is a negotiation after all, and nothing can be achieved at this stage by laying the cards on the table, Craig Erlam, Oanda analyst, told Reuters.

Investors are also optimistic about the news of a possible imminent start of vaccinations in the region. Vaccination against COVID-19 in Germany and the EU will begin in a few days after the vaccine licensing, which may occur before the end of December, German Chancellor Angela Merkel

noted. Vaccination has already begun in the UK.