London, December 29, 2020, SPA -- European stocks extended their year-end rally on Tuesday as a Brexit trade deal, hopes of an expanded U.S. stimulus package and euro zone's marathon COVID-19 vaccination campaign brightened prospects for global growth in 2021, Reuters reported. The pan-European STOXX 600 was up 0.8% by 0828 GMT, rising for a fifth straight session and scaling a new 10-month high. UK stocks were higher after a long weekend, with the blue-chip FTSE 100 jumping 1.6% after the sealing of a Brexit trade agreement between Britain and the European Union on Thursday. The German DAX rose 0.6% and extended a record run as global markets rallied on hopes that a long-awaited U.S. pandemic relief package would be expanded. Software group SAP provided the biggest boost to the DAX after its unit, Qualtrics International Inc, filed for a U.S. initial public offering of up to $100 million. --SPA 12:52 LOCAL TIME 09:52 GMT 0004 www.spa.gov.sa/w1475337