EU markets start higher as political worries ease

EU markets start higher as political worries ease

On Wednesday, European markets started higher because worries as for political tensions in Germany started easing and market participants waited for the presentation of the latest British budget due later in the day.

The EURO STOXX 50 rallied 0.23%, Germany’s DAX 30 gained 0.07% and France’s CAC 40 jumped 0.13%.

Market sentiment had dropped after on Sunday German Chancellor Angela Merkel didn’t cope with forming a government coalition, when the Free Democrats Party suddenly dared to leave the negotiation table.

Financial stocks generally leapt. French lenders BNP Paribas along with Societe Generale managed to grow 0.35% and 0.30% respectively. As for Germany's Commerzbank and Deutsche Bank, these financial institutions rallied 0.07% and 0.41% respectively.

FTSE 100 leapt 0.13% in London, spurred by Kingfisher, whose equities rallied 2.72%. The benchmark revived from Tuesday’s steep losses after the home improvement retailer informed about a dip in third-quarter underlying sales.

Similar

Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera