Central News Agency (London, July 2nd, CNA, Reuters) Europe's three major stock markets all closed higher today, with the Frankfurt stock market reaching a record new high. This was driven by an agreement reached by Germany's ruling coalition on large-scale tax, labor, and pension reforms aimed at revitalizing the sluggish economy and countering the rise of the far-right. The London FTSE 100 index surged 174.53 points, or 1.67%, to close at 10652.87 points. The Frankfurt DAX index rose 540.60 points, or 2.16%, to close at 25580.88 points. The Paris CAC 40 index climbed 137.57 points, or 1.65%, to close at 8474.86 points. (Compiled by Yang Zhaoyan) 1150703 Choose to stand with the facts. Every contribution you make is a force to protect press freedom. Download the CNA "First-Hand News" APP to get the latest news in real-time. No part of this website's text, images, or videos may be reproduced, publicly broadcast, or publicly transmitted and used without authorization.