European stocks advance on positive remarks about Brexit

2019-10-15 13:05:34 GMT (Economies.com)
European stocks advance on positive remarks about Brexit

European stocks opened higher on Tuesday, to resume their gains which were suspended yesterday for the first session in 4, thanks to improved sentiment, after positive Brexit remarks that renewed hopes about an exit deal between the UK and the EU.

 

Stoxx Europe 600 was higher by 0.7% as of 11:35 GMT, while it closed lower by 0.5% yesterday, for the first session in 4 due to uncertainty about the interim deal that was agreed upon by the US and China.

 

The index opened today's session higher, to head for the first daily gain in the last 5 days, with most of the major European markets and sectors rising.

 

The European retail sector saw the largest gains today with a surge by more than 1.3%, as most of the sector stocks surged.

 

EU chief negotiator Michel Barnier stated in Luxembourg that after intensive discussions during the weekend, there is still a chance to reach a Brexit deal this week.

 

This comes as British PM Boris Johnson is increasing the talks with Brussels in attempts to reach a deal in time to be presented to EU leaders for approval at their summit in Brussels on next Thursday and Friday, as the summit is expected to include a crucial decision about the Brexit deal.

 

S&P 500 futures rose by 0.4% today, as it closed lower by 0.4% yesterday at Wall Street, its first loss in the last 4 days.

 

The Euro Stoxx 50 index rose by 0.6%, in France the CAC 40 rose by 0.6%, and Germany's DAX rose by 0.4%. 

 

While in London the FTSE 100 fell by 0.3% unlike the upward trend in the rest of Europe due to a massive rise by the British pound to 4-month high which negatively affects the British exporters.

 
 
 
  Symbol Last Change Chg.%
1.1052
0.0028
0.2581%
1.2901
0.0100
0.7816%
Tadawul
7924.19
-8.33
0.10%
16.953
0.150
0.893%
57.848
0.489
0.853%
63.36
1.07
1.72%
1466.935
8.655
0.594%
 
 
US
 
Europe
 
Asia