European stocks rise on fresh Brexit optimism

Markets 10/12/2018, 9:04 AM
European stocks rise on fresh Brexit optimism

Stock markets in Europe opened with gains on Friday, breaking the shortlived downward trend that spiraled from the selloff on Wall Street. British Finance Minister Philip Hammond said earlier in the day that he feels more optimistic about Brexit negotiations now compared to a couple of weeks ago. However, he added, it would be "highly ambitious" to expect a deal right after the European Union summit in Brussels on Wednesday and Thursday next week. Meanwhile, the selloff of shares in the United States continued yesterday, as the Dow closed 500 points in the red, with the Nasdaq 100 and the S&P 500 recording sharp losses as well.

In London, the FTSE 100 was up 0.58% at the open. Scottish Mortgage Investment Trust increased by 3.88%. French CAC 40 jumped 1.05% at the start, as the luxury group Kering outperformed others, climbing 3.04%.

The DAX surged 1.27% at the beginning of the session. Financial services company Wirecard led the gains, rising 3.13%.

The euro added 0.06% against the dollar at 9:05 am CET to change hands for 1.16002, while it decreased by 0.09% compared to the British pound at 9:06 am CET, to go for 0.87530.

Breaking the News / NI

Share:

France 40 Ind...+1.99%

5,185.15
Chart for: France 40 Index

Germany 30 In...+1.88%

11,823.88
Chart for: Germany 30 Index

EUR/USD0.00%

1.1574
Chart for: EUR/USD Spot

EUR/GBP+0.04%

0.8780
Chart for: EUR/GBP Spot

UK 100 Index+1.07%

7,086.45
Chart for: UK 100 Index