European markets start generally higher

European markets start generally higher

On Friday, European markets started generally higher because global optimism spurred risk sentiment. However, progress on the Brexit front underpinned demand for the UK pound, restricting gains for British shares.

Germany’s DAX 30 rallied 1.02%, France’s CAC 40 added 0.59% and the EURO STOXX 50 managed to acquire 0.77%.

Financial equities abruptly gained. French lenders Societe Generale and also BNP Paribas edged up respectively 3.07% and 2.74%. Besides this, in Germany Deutsche Bank and Commerzbank tacked on 2.35% and 2.59% respectively.

As for peripheral lenders, in Italia Intesa Sanpaolo as well as Unicredit added respectively 1.64% and 1.68%, while Spanish bank BBVA and Banco Santander grew 1.41% and 2.21% respectively.

FTSE 100 inched down 0.01% in London.

American shares pointed to a higher start. The Dow Jones Industrial Average futures gained 0.08%, S&P 500 futures rallied 0.13%, the Nasdaq 100 futures jumped 0.45%.

 

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