EUROPE MARKETS: European Stocks Turn Higher As Leaders Declare Brexit Deal
October 17 2019 - 6:29AM
Dow Jones News
By Steve Goldstein, MarketWatch
European stocks turned higher Thursday as key political leaders
say they've reached a deal for U.K. to exit the European Union.
The pact, announced by U.K. Prime Minister Boris Johnson and
European Commission President Jean-Claude Juncker, will still need
ratification from national parliaments, with the U.K. Parliament
set to vote on the deal Saturday with a Northern Irish political
party still withholding support for now.
The Stoxx Europe 600 rose 0.68% to 396.15.
The German DAX jumped 1.01% to 12798.08, the French CAC 40 added
0.44% to 5721.88 and the U.K. FTSE 100 rose 0.59% to 7210.52.
The British pound shot through $1.29 on the deal. U.S. stock
futures also rose.
Companies that rallied on the tentative deal included British
Land (BLND.LN) , which rose 4%, and Barclays (BARC.LN) , which rose
3.2%.
Other movers on Thursday included Ericsson (ERIC-B.SK) , as the
Swedish telecommunications equipment maker lifted its margin
forecast.
(END) Dow Jones Newswires
October 17, 2019 06:14 ET (10:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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